You're reading: Cabinet approves Market Operator’s financial plan for 2021

The Cabinet of Ministers approved the financial plan of the state-owned enterprise Market Operator for 2021 with a net profit of Hr 41.9 million.

The corresponding government resolution was adopted at a session on April 14 without discussion.

As reported, according to the draft resolution, the net income of the enterprise from the sale of products should amount to Hr 54.8 billion, capital investments – Hr 11.9 million and payments to the state – Hr 178 million.

The draft resolution was previously included in the agenda, but was withdrawn at the suggestion of the Ministry for Development of Economy, Trade and Agriculture.

At the end of 2020, the Cabinet of Ministers amended the financial plan of Market Operator approved on May 27 of the same year, defining its net profit at Hr 9.5 million, and net income from product sales at Hr 56.12 billion.

Government sources said that Market Operator’s financial plan had to be adjusted “downward” due to a drop in sales on the day-ahead market (DAM).