The Ukrainian Cabinet of Ministers decided at a meeting on May 6 to lower the proportion of net profit that state enterprises are required to pay as dividends from 90% to 80%.
State enterprises are required to pay 80% of their net profits as dividends to the state, effective from January 1 this year instead of 90%.
The Ukrainian Ministry of Infrastructure confirmed this information to the CFTS portal. According to the ministry, the Cabinet of Ministers was asked to lower the dividend rate to 50% for "state-owned unitary sea, and, air, and road transport enterprises."
The Ministry of Infrastructure proposed lowering the dividend rate for the Boryspil and Lviv airports from 90% to 30% of net profit. As the CFTS portal reported earlier, the Ministry of Infrastructure’s proposal was rejected.
As has been noted many times, the high level of dividend payments does not allow state enterprises, including enterprises in the maritime industry, to invest in development and maintenance of port infrastructure. This situation is further exacerbated by the coronavirus crisis.