Naftogaz transfers UAH 13 bln to budget ahead of schedule

The company made the move immediately after the Cabinet decided on early payment of dividends for 2019.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

Naftogaz on December 26 transferred to the national budget UAH 8.5 billion (US$366.5 million) in dividends and 4.5 billion ($194 million) in other tax payments, company CEO Andriy Kobolyev reported.

"Naftogaz is not only the largest company owned by our country. We are also a socially responsible company, responsible before its ultimate owner, the people of Ukraine," Kobolyev wrote on Facebook.

Read alsoNational Bank makes record foreign currency purchase in one day at $700 mln

At the beginning of the year, Naftogaz group paid more than UAH 103.8 billion ($4.476 billion) in taxes and dividends, the CEO recalled, adding that the company's share of revenues was the largest to be paid: "approximately every seventh hryvnia came to the treasury through one of the companies that are part of our group".

Naftogaz transferred UAH 13 billion ($560 million) to the national budget immediately after the Cabinet adopted a decision on early payment of dividends for 2019.

"In December, we secured about UAH 20 billion ($862 million) to the state budget," Kobolyev added.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!