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Government expects EU signal to surtax Petrom

Publicat la 22.07.2008, 21:00:00

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Government expects EU signal to surtax Petrom
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The government will set a European precedent. Petrom officials say the fiscal policy is not part of their area of competence and they cannot comment.

“The Petrom privatization cannot be re-discussed, and to the extent that the company respects the rules of free competition, the government may not intervene without risking an aggression against the mode of operation of the free market,” said Varujan Vosganian, Minister of Economy and Finance. Vosganian added that if other countries apply this measure, Romania will follow.

Government officials say that Petrom will have to accept the surtax, although it will be able to negotiate the amount paid.

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