The introduction of the additional tax must be fair, proportionate, reasonable, fair, and the level of taxation must be determined according to objective, rational financial criteria corresponding to the taxpayer contribution (according to the Romanian Counstitutional Court practice)
In Romania, a number of industrial sectors that serve the public interest are strictly regulated – natural gas, railroad or electricity systems, to name a few. As such, for the local energy sector, and particularly for electricity, the transmission and distribution services are regulated as “natural monopolies”
Romania does offer potential for becoming a regional gas hub. Also, gas exploration, production and transportation networks still need innovative approaches, reform and development.
The adoption of a system that will allow a step-by-step liberalization of energy prices has proved to be an inspired measure, as Romanians would not have been ready for a sudden, direct shift to a free market. The ongoing debates in the Romanian society on vulnerable consumers emphasize just that
This analysis focuses on the tax applied to the water used by hydroelectric power plants in Romania. This study also includes information on similar water taxes around Europe and a comparison between them and that applied in Romania. Although set in Romania in 2000 as a small tax meant to raise funds for development of hydro projects, this fee has increased significantly over the years, making it even harder for the hydroelectric producers’ activity. In the category of invented-out-of-nothing taxes one can find the fee imposed by NARW – the National Agency “Romanian Waters” (ANAR, in Romanian) for water used...
Romanian Government’s new approach to the oil and gas fiscal regime has all the features of a rigid framework, with meager chances of remaining stable on the long term. But how should a flexible and stable fiscal framework for upstream O&G look like?
A good deal of the political and media environment in Romania continues to promote or to dwell in confusion when it comes to the Romanian state´s gain from petroleum activities, popularly known as “the regime of oil royalties”.
During the evolution of the Romanian oil industry, the refining sector emerged at the end of the 19th century by way of a massive import of foreign capital and advanced technology. In 1895 the construction of Steaua Română refinery started in Câmpina, one of the largest in Europe of that time, with capital of Deutsche Bank.
The creation of a regional balancing market calls into question the commercial viability of the classical electricity generation capacities which ensure, at the national level, this service.
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