“For the first time in two years, the Municipality council of Sofia (SOS) received a full report of the municipal association “Sofiiski imoti” (Sofia real estates) certified by an auditor,” stated the chairman of SOS Andrey Ivanov.

“Sofiiski imoti” ended the previous year with accounted profits of 403 000 leva. After taxation, the profits are 310 000 leva, added the chairman of the business commission of SOS Danail Kirilov.

The association has an income of 4 221 000 leva. The main share of the income is from services – 2 039 000 leva, followed by the income from rent – 1 213 000 leva, and the sale of long-lasting material assets – 638 000 leva.

The column “material assets” does not concern the sale of real estates, clarified Kirilov.

According to him, the Municipality council will receive 80% of the dividends, after the allocation of 10% for the “Reserve” funds.

“Sofiiski imoti” entered an engagement to pay the full amount of the dividends for 2007. Only 20% of the money have been paid so far.

The scandalous association became popular after the disclosure of criminal deals that caused losses of over 2 billion leva to the municipality. Many ex-employees, including the two ex-chief executives Toshko Dobrev and Petar Savov are currently facing accusations.

The lawsuit has been delayed many times due to various reasons. No one has been sentenced yet.