The state-owned company Borzen, which distributes state subsidies and aid for electricity production, including to the Prime Minister’s company Star Solar, paid all of its employees an additional gross salary of a state employee at the beginning of March.
However, the bonus was not yet paid to the head of the state-owned company, Mojca Kert, who used to work for the Gen-I energy company and stood as a Freedom Movement party (Gibanje Svoboda) candidate in the last parliamentary elections. She was not elected, but Prime Minister Robert Golob later appointed her to the top of Borzen. The announcement of the payment of an additional salary due to the high performance of the distribution of state money reads as follows:
“PAYMENT OF THE PERFORMANCE AWARD FOR THE FINANCIAL YEAR 2024
Article 25. of the Rules and Regulations on Salaries and Other Remuneration in Borzen, d.o.o., of the 30th of September 2024, as amended and supplemented (hereinafter: the Regulations), provides that in the event of successful business performance, a performance bonus may be paid in a particular year if this is not contrary to the guidelines of the founder or the recommendations of the Slovenian Sovereign Holding (SDH) and if the financial and liquidity situation of the Company so permits, where successful performance is deemed to mean that the Company will achieve an operating profit for the financial year at least equal to the target or that the Company will achieve a net profit for the financial year which, after including the cost of the performance bonus, is at least 35 percent higher than the planned net profit in the adopted annual management plan for the financial year in question.
The Company has achieved a net profit which, after the key performance award cost exceeds by at least 35 percent the target net profit result, as set out in the adopted annual management plan for the financial year in question, thereby fulfilling the condition for the payment of the performance award for the year 2024.
The Regulations further provide that all employees who were employed by the Company during the year to which the award relates and who are still employed by the employer at the date of payment shall be eligible for the performance award. Employees who were in employed by the employer for only part of the year to which the performance award relates shall be entitled to their share of the award only if they have been employed by the Company for at least three months during the year to which the award relates.
In accordance with the provisions of Article 25., the performance award shall be paid in one lump sum between the 1st of March and the 31st of March of the current year in respect of the preceding year, the amount of the award being fixed by a resolution of the Director, with the amount of the award being fixed, as a general rule, at the rate of one gross salary in the Republic of Slovenia for the year to which the performance award relates.
As the payment of the performance award is in accordance with the recommendations of the Slovenian Sovereign Holding cfompany and the financial and liquidity situation of the Company so permits, on the 3rd of March 2025, the Director adopted a resolution that the performance award for the financial year 2024 shall be paid in an amount equal to the amount of one gross salary in the Republic of Slovenia for the year 2024 for the employees, in accordance with the provisions of the Regulations, and that the Director is not eligible for the performance award. The 2024 business performance award was paid on the 5th of March, 2025. The total amount of funds of the performance award, including employer contributions, amounted to 123,764.07 euros.”
The Director of the company, Mojca Kert, is likely not terribly affected by not receiving an additional salary as the performance award with the other employees, even though she is in charge, among other things, of the state’s distribution of subsidies and bonuses, because she receives her bonuses in another way. The latest information on her salary in Borzen’s annual report is that for the last four months of 2023, when she took over, she received a salary of 42,801 euros, i.e. more than ten thousand euros a month, plus a Christmas bonus of 2,547 euros, plus a performance bonus of 4,815 euros plus an additional performance bonus of 4,815 euros. Apparently, she was very successful. All of these are gross figures. In addition, she also received 760 euros of annual leave allowance. This is probably net.
She did not do too badly in those few months of work. We have also previously reported that Kert recently bought a new electric Skoda Enyaq Sportline car. Meanwhile, the contract for this purchase is also available and shows that the car – the use of which pays off for executives because they are exempted from the private use payment by the state – cost 53,760 euros.
Peter Jančič, Spletni časopis
