Economy Minister: We will increase royalties, we can tax windfall gains

The authorities plan to increase oil royalties and to negotiate, including with OMV Petrom, in this respect, also analyzing the option of levying a tax on the company's windfall gains, in case it will not accept an increase in royalties prior to 2014, said Monday, the minister nominated for Economy, Trade and Business, Daniel Chitoiu, said on Monday after receiving a favorable opinion of the parliamentary specialized committees.'Royalties are too low. We will change ...

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