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Romania: OMV Threatened by Extraordinary Tax

Published: May 8, 2012; 19:09 · (Vindobona)

Romania´s new Minister of Economics Daniel Chitoiu forces OMV´s subsidiary Petrom to pay higher taxes.

Romania: OMV Threatened by Extraordinary Tax / Picture: © Petrol

OMV faces difficulties in Romania. The Minister of Economics Chitoiu made an offer to Petrom. Either OMV´s subsidiary pays a higher fee on oil production before 2014 or Petrom has to pay an extraordinary tax due to “extraordinary profits”.

Before, Romania´s President Traian Basescu criticized OMV sharply several times. Petrom posted a record profit last year, of € 886 m,…

This article includes a total of 305 words.

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