Plovdiv municipality is powerless to seek money from the fair

„Automat Kalashnikov we get that to compel fair to pay dividends to the municipality?“
It said the deputy mayor Alexander Konstantinov regarding any requests yesterday accused the municipal counselor Daniela Zhelyazkova that the municipality is not seeking their dividends from about 2 million from the fair, said Plovdiv24.bg. And Konstantinov and his head Slavcho Atanasov wondered how they invented those 2 million Zheliazkova. Recalling that Puldin turinvest – a joint venture between the municipality and George Gergov has entered into management of the fair at the beginning of 2007 and to the participation of city government a 25% stake in Puldin turinvest „may rely on dividends for 2007 and in 2008, As 2009 has not yet been completed financially. Asked where he invented this amount, Daniela Zhelyazkova replied that the data on the amount of profits and dividends are publicly available after publication in the media and George Gergov what it insists is a full report on the state of Puldin turinvest and participation the municipality in the fair, accompanied by a serious financial analysis to make clear what is due to Plovdiv and the mayor to make application for payment of tribute in the budget. Zhelyazkova recalled that the joint venture was set up precisely with the idea of serious revenue to be spent on social and educational activities. „Fair is truly a winner. Unlike in 2006, when under the wise leadership of Jordan Radev, the profit was EUR 4 362 000, then in 2007 it is about twice as large, reaching 8 972 000 in 2008-and again is doubled, said data from financial statements of the Fair Konstantinov. To arrive, however, to the distribution of dividends should have a consensual resolution of the General Assembly of shareholders, ie between the state and Puldin turinvest „where general practice is to point silently. An agreement not been reached and profits in accordance with law, may at least 5 years would be retained as a result. „There are no legal mechanism to influence to get a dividend from the fair. Led discussions with government and fair and we pray that they understand each other, so we can get something,“ explained Alexander Constantine. Be placed in a position to point silently according Zhelyazkova is another big minus to the management of Plovdiv.
„In case I have no hands or feet to get out of the ring and fight, make color comment and the Mayor.

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Finance