Loss in competitiveness compared to Hungary and Poland: Real effective exchange rate – a critical indicator for Romania

Romania has improved its competitiveness compared to the Czech Republic and Bulgaria at the regional level in recent years but lost ground compared to Croatia,… Mai mult

Gas extraction from Black Sea will become unprofitable if investment starts after 2022 – ANRM estimate

If delayed long after 2022, the investment in natural gas exploitation in the Romanian commercial area of ​​the Black Sea could become unprofitable. Also, not… Mai mult

A decade of change in Romanian economy structure: Trade, public sector salaries and IT replace the loss of industry and agriculture contribution to GVA

The structure of Romania’s economy has a number of peculiarities compared to the European average in terms of the contribution brought by major sectors to… Mai mult

GDP 2020, equal to GDP 2019 in nominal terms and GDP 2018 in real terms

The National Institute of Statistics confirmed the signal result of the economic growth for 2020 at the level of -3.9%, in the first preliminary version… Mai mult

Romgaz will submit an offer to take over ExxonMobil’s stake in the Black Sea, in Neptun Deep

Romgaz (SNG) will submit an offer to take over ExxonMobil’s participation in the concession for the exploitation of natural gas from Neptun Deep perimeter in… Mai mult

Siegfried Muresan: The EU is considering the possibility to introduce several types of taxes. The only one on which there is agreement is the one on plastic

de Razvan Diaconu , 3.8.2020

At the European level, there is an agreement to introduce a “modest” tax on disposable plastic, a first source of income to support the repayment of loans that the European Commission will contract for the formation of the re-launch fund, explained Romanian MEP Siegfried Muresan, vice president of the European People’s Party (EPP).

A number of other proposals are being analysed, such as:

  • – tax on financial transactions, tax on large digital corporations;
  • – the fee on the access of large companies to the European single market;
  • – tax on carbon emissions, but there is no political agreement for them.

“We are currently discussing and agreeing to introduce a modest tax on disposable plastic that pollutes the environment and whose use we want to reduce. Some other possible sources of EU income are discussed and I list them: a tax on financial transactions, a tax on large digital corporations that pay very low taxes in the EU, a tax on the access of large companies to the European single market, a tax on carbon dioxide emissions. These are options, but there is no agreement on any of these taxes. They should be discussed in the next period. Whatever introduced as own source of income, it will not lead to additional burdens on the citizen and practically gives the EU a more solid basis for functioning in the coming years “, explained the Romanian MEP.

He detailed that the access fee for large companies in the European single market is a proposal of the European Commission that would target all companies (foreign and from EU) with a turnover of over EUR 750 million operating in several EU states.

“Currently there is no proposal or agreement. It is an idea of ​​the European Commission to tax large companies, companies with a turnover of over EUR 750 million. In Romania, there would be only a few companies. It has not been debated in the EP either; there is no majority for it because there is no EP position, as neither is there any position between EU states either on this tax. At the moment, we have no cause for concern”, Muresan also explained.

The EPP Vice-President stated that the introduction of some European taxes is necessary for the EU to generate its own revenues from which to repay the loans that the Commission will access from the international financial markets.

“The re-launch plan will work as follows: The European Commission, which has very good creditworthiness in the financial markets, borrows money from international markets and makes this money available to countries in need, either as a loan, with extremely advantageous terms or even in the form of grants. Someone has to pay this money back, this loan back when they mature. The good news is that the EC credit allows it to borrow money for a very long time, meaning these loans will be due in the period 2026-2056, namely on a very long term, but someone has to pay them and there are three options. The first option is for the governments of the European states to pay. However, they said that these are non-reimbursable funds, money that we receive and do not have to give back, we do not want to pay the bill and they are right, I understand them. The second option would be for these amounts to be paid back from the European Union budget. But that would mean a reduction in the European budget in the future and that would not be desirable because it would mean less money for research, highways, farmers and we do not want that. Therefore, the third option is the following: to generate EU own income sources to repay this loan“, pointed out Siegfried Muresan.

The statements were made during an interview for cursdeguvernare.ro.

The European Parliament met in plenary on Thursday to adopt a resolution on the multiannual budget proposal adopted by European leaders following the four-day and four-night marathon summit ended on Tuesday morning.

The European Council proposed a budget of EUR 1,074.3 billion and a re-launch fund worth EUR 750 billion, of which 390 in grants and 360 in loans.

The proposal is to be negotiated with the European Parliament, dissatisfied with the cut in allocations for innovation and research, education and health. The budget for the next EU financial year is expected to be adopted by the EP in October, according to MEP Siegfried Muresan.

Mergeți în homepage ›

Publicat la data de 3.8.2020

Lăsați un comentariu


New Renault boss: “Dacia is a miracle. It's time for the brand to flourish"

Luca de Meo (foto), the new general manager (CEO) of Renault group, considers that Dacia project proved to be a miracle and that no one… Mai mult

Pentagon transforms Campia Turzii unit into a NATO air hub at the Black Sea

A former Soviet airbase in central Romania could become a hub for US Air Force operations in south-eastern Europe, where the Pentagon is seeking to… Mai mult

Nuclearelectrica shareholders approved to terminate negotiations with Chinese for building reactors 3 and 4 from Cernavoda

Nuclearelectrica's Board of Directors has been mandated to initiate proceedings to terminate negotiations with China General Nuclear Power Group (CGN), as well as legal effects… Mai mult

Renault holds expansion of its plant in Romania, 15,000 jobs cancelled at global level

"Putting capacity growth projects planned in Morocco and Romania on hold" - is one of the measures included in the draft plan of Renault Group… Mai mult

Romania is a net importer of electricity in 2020 as well

Romania imported an amount of electricity of almost 796 GWh in the first month of this year, by more than 36% above what it exported… Mai mult

Shareholders of Galati steel plant promise investments of one billion euros

GFG Alliance has committed to invest one billion euros to upgrade Galati steel plant in order to reduce emissions and increase production. Another EUR 1… Mai mult

Transport Ministry announces it has sent to Brussels the financing request for Sibiu - Pitesti highway

The Transport Ministry, as the Intermediate Body in Transport, approved the financing request for the project "Construction of Sibiu - Pitesti highway", Sections 1, 4… Mai mult

Romania and Juncker Plan: EUR 720 million attracted, of which 35% by Transgaz for BRUA

(The map of investment financed through Juncker Plan, by GDP share. Darker colours mean higher shares) The operator of national natural gas pipelines, Transgaz (TGN)… Mai mult

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult