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The government has lifted the salary cap on the boards of 17 state-owned companies. Until now, the remuneration of executive directors in joint-stock companies was limited to a maximum of 18 minimum wages, and for board members of these enterprises - to 6 minimum wages. In the future, these limits are removed, and the respective principal ministries will decide what the bosses' remuneration will be. At the moment, there are 17 such enterprises - the totalizer, all forest enterprises, NK?I and "Port Infrastructure", RVD, "Radioactive waste", "Management and management of dams" and others. Even without the removal of the limits, the maximum remuneration in state-owned companies has risen sharply in addition to the increased minimum wage. With a limit of 18 MRZ for the salary of an executive director in a state AD, this is equivalent to a remuneration of BGN 14,040. Last year, the maximum was BGN 12,780. The amount of remuneration is updated every quarter depending on the company's results according to a formula, but is considered that there should also be a salary cap.

 

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