News Column

UPDATE Ponta: Gov't doesn't give up the excise for fuels

January 28, 2014

Agerpres, Bucharest, Romania

Jan. 28 -- BUCHAREST -- Prime Minister Victor Ponta on Tuesday stated that the government won't give up the hiked fuel excise and that it already notified the officials of the International Monetary Fund (IMF) and President Basescu about this decision. 'We cannot possibly (give up the excise -- editor's note). This is also what the IMF officials told President Basescu, that we must keep the excise, otherwise we won't be able to complete the budget,' the Prime Minister stated at the end of the meeting with the ambassadors of the EU member states in Bucharest . President Traian Basescu on January 14 stated that his categorical decision was to prevent the excise for fuels from being introduced. 'The IMF visit is coming. As you know, the excise for petrol and diesel is suspended right now. My final decision is to prevent this additional excise of 7 Euro cents, plus 24 percent VAT, from being introduced at all,' stated Basescu. On January 23 , at the meeting with the IMF delegation, the European Commission (EC) and the World Bank (WB) delegations, the President reiterated the fact that he was against the excise. He said back then that he won't block the decisions made by the IMF, the EC and the WB together with the Romanian government, but he warned he wasn't going to just sign everything that will be negotiated. The representatives of the IMF, EC and WB mission in Romania on Monday, January 27 , discussed with Prime Minister Victor Ponta at the headquarters of the government. The current mission of the International Monetary Fund (IMF) in Bucharest , which started on January 21 , will last until February 5 , focusing on the first and the second assessment of the precautionary agreement with Romania , approved on September 27, 2013 . ___ (c)2014 Agerpres, Bucharest, Romania Visit Agerpres, Bucharest, Romania at Distributed by MCT Information Services

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Agerpres (Romania)

Story Tools