By order of Minister Malinov, BEH EAD transferred BGN 16 million for the salaries of employees at "Mini Maritsa-East" EAD

By order of the Minister of Energy Vladimir Malinov and in accordance with the loan agreement concluded on August 16, 2024 between "Bulgarian Energy Holding" EAD and "Mini Maritsa-East" EAD, today the holding transferred BGN 16 million to the mining company. The funds are intended for the payment of wages to the workers in the mines for the month of September. In November, a new transfer in the amount of BGN 28 million will be made, with which salaries for October will be paid.

We remind you that by decision of the Minister of Energy, the Bulgarian Energy Holding has already provided targeted financing to "Mini Maritsa-East" EAD in the total amount of BGN 56 million to ensure the necessary financial resources related to the payment of salaries to employees in the months of July and August, social security, payments to the budget and others.

The use of all these funds is possible thanks to the signed framework agreement for financing up to BGN 100 million from BEH EAD and BGN 50 million from a commercial bank, where the holding is a co-debtor.

Separately, in October 2024, BEH EAD and "Mini Maritsa-East" signed a new framework agreement for financing in the amount of BGN 100 million until June 30, 2025. Through its action, funds will be provided for the payment of wages of those working in the mines and the company's obligations to the budget in the coming months.

"The measures we are taking will ensure the normal and safe operational activity of the mines, which is key for the security of supplies to consumers in the coming winter season," commented the Minister of Energy Vladimir Malinov on this occasion.