On Tuesday, the Estonian government confirmed, that amount to be paid out in dividends by state-owned energy group Eesti Energia for 2022 will be €68.9 million.
A year earlier, Eesti Energia paid dividends of €46.7 million, which was the highest of all Estonia's state-owned companies at that time.
"We confirmed today in the government, that Eesti Energia's dividends will amount to €68.9 million. This amount is also included in the state budget strategy for 2023-2026," said Estonian Minster of Finance Annely Akkermann (Reform).
The term of office for current members of Eesti Energia's management board is set to expire on April 1. As a result, the Akkermann will therefore hold a general meeting before that date. The government will then approve the amount Eesti Energia is set to pay out in dividends earlier than it does for other state-owned companies.
Last year, state-owned companies paid out more than €124 million in dividends.
Editor: Michael Cole