Energy excise calculated based on European directive for predictability

The Minister of Economy and Finance Varujan Vosganian said on Monday during a conference on the privatization of Electrica Muntenia Sud that the excise on energy is calculated based on an European directive imposing a certain predictability on the budgetary execution.'I find inadequate to pay an excise based on an exchange rate of last year. Unfortunately, European regulations say that budget and prices for the non-euro countries are set according to the exchange rate of the last quarter ...

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