Prime Minister Mihai Tudose – threats and warnings to banks and oil companies: Romantic period has passed

de Razvan Diaconu | 14.8.2017 .

Prime Minister Mihai Tudose has released several strong signals to banks and oil companies. He says that he is willing to take major risks in the scandal with banking institutions that send their profits abroad.

“The romantic period has passed. No one can understand that a banking institution can register losses in consecutive years. On their door, it is written Bank, not Red Cross. Their buildings look pretty good though. Wages are very good. They have also proven a tremendous imagination to send their profits abroad. That does not work anymore. The Minister of Finance had a discussion with them, and I publicly said that we are still patient for a while, but patient to be understood in terms of weeks. Let them rethink their strategy in Romania. (…) It may be appropriate to explain also to those who have the impression that the Romanian state is a naive partner that it is NOT so,” Mihai Tudose said.

Prime Minister also assured on Wednesday night that the increase in excise duties on fuel will not generate an increase in the price of gasoline and diesel fuel and said that, otherwise, the state could “intervene” on the oil royalties.

In 2016, the excise duty has been eliminated and the price has not decreased. Companies have shown that they didn’t even have much profit either. Let’s see what happens if we reintroduce it (the excise duty – editor’s note), will prices grow? I believe they will not grow. Although, that romantic period when they were doing here what they wanted has pretty much ended,” Mihai Tudose told Romania TV, referring to the oil companies.

He also told there is also “the possibility to intervene on royalty fees”.

Of course. That does not mean blackmail, it means that at last we do not have any other kind of dialogue with them, but an official dialogue. (…) We want a strong and friendly state for the honest ones. And just a strong state for the others,” added Tudose.

The Government intends to get 1 billion lei by the end of this year by raising the excise duties on fuel as of September 1. Through a draft amendment to the Tax Code launched for debate by the Ministry of Finance, it is proposed the re-establishment of the 2016 excise rates. The document claims that the current levels of the excise duties in Romania are very close to the minimum threshold provided by the European Union legislation.

Publicat la data de 14.8.2017 .

Lasa un comentariu


SIMILAR ARTICLES

Adrian N Ionescu

Ministry of Finance has sold euro bonds worth one billion euros on foreign market

The Ministry of Finance (MFP) placed euro bonds worth EUR 1 billion on the foreign market by reopening the issue with the maturity of 10 years launched in April this year The issue has been placed with a 2375% coupon at a yield of 2,114%, lower than the one of the initial issue in April (2411%), following "the decrease of the related margin of Romania’s credit risk to the lowest level for ...
Read more »

Adrian N Ionescu

European Commission’s announcement to Government and Parliament: Gas transactions market cannot be monopolized by OPCOM

Romania risks the infringement procedure if the Parliament adopts definitive amendments to the Emergency Ordinance 64/2017 on the natural gas market, which provides for the trading of 70% of its volume only on the state-controlled OPCOM market The punishable amendments, recently approved by the Chamber of Deputies' Committee for Industries, could violate the fundamental freedoms laid down in ...
Read more »

Adrian N Ionescu

Ford launches production of EcoSport in Craiova. Total investment in Romania reaches over EUR 1.2 billion

Ford officially launched the production of the EcoSport SUV at the plant in Craiova, raising total investments in Romania to about EUR 12 billion, since the takeover of the factory in 2008 The number of employees will increase by nearly 1,700 to 4,300 people by the end of the year, exceeding for the first time the number of employees in the moment of the takeover Ford plant in Craiova will ...
Read more »

Adrian N Ionescu

ANAF has repealed procedure for cancellation of VAT code for inactive companies

An order by the ANAF President amends the regulations for cancelling the registration for VAT purposes, respectively repeals the procedure for the cancellation of the VAT code for the inactive companies The provisions in question are included in OpANAF 2899/2017 on approving the procedure for the ex-officio change of the VAT related tax vector, as well as the template and content of some ...
Read more »

Adrian N Ionescu

Investment of the poor: MFP sells one-lei treasury bonds to population and money will be blocked until maturity

The Ministry of Public Finance (MFP) wants to raise money to the budget, leu by leu and says that treasury bills, whose issues have already been announced, will have a nominal value of 1 RON The amount is a real premiere The financial instruments will be issued quarterly, on short terms, through the State Treasury's operating units, and will not be listed on the stock exchange, which means ...
Read more »

MAINS

Prime Minister Grindeanu about 2017 budget: 5.2% economic growth, 815 billion lei GDP, 253 billion revenues

Prime Minister Sorin Grindeanu said on Sunday evening on Romania TV that the budget deficit in 2017 will fall within the set target of 3%, ... Read more

Back to the lesson of 2008-2014! Essential viewpoints about the type of growth we choose

The National Institute of Statistics announced the final value of GDP for 2014 at 668,143.6 million lei, in current prices, representing a growth rate of ... Read more

Trade deficit in 2016 is close to 10 billion euros, driven by imports of chemicals, fuel and food

The trade deficit in the first eight months of this year was EUR 6,133.8 million, about 28% higher than the same period of the last ... Read more

”Digital-Schweitzer” Romania: IT specialists explain why citizen is stuck between super computerized institutions

Ciolos government promised a revolution in reducing state bureaucracy, official emphasis being put on digitization and electronic communication, institutions being required to be transparent. This ... Read more