Romania: Gov introduces new mining reimbursement system

, SEE Energy News

Romania will create a new reimbursement system, which should come into force on January 1st, 2016th, combining taxes on natural resources, income taxes and a series of reductions for new investments.

Finance Minister Dan Manolescu said that Romania needed to create a system that would allow achievement of similar revenues as in countries with similar resources.

He added that the market corresponded to a system that provided predictability in the longer term.

With the new system of compensation, the state should achieve the same or even higher revenues as well as with current systems.