BUSINESS

Gov’t asks for EC agreement on CET debts being scrapped

The government is set to ask the European Commission’s approval for having the more than RON 1 bln worth of debts amassed until 2009 by 35 thermal power plants cancelled, and to also offset other arrears equal to RON 185 bln owed by them and local transport companies with budget-available funding, Mediafax reports. The plants’ overall claims, which come to RON 1.2 bln, need to be paid by home consumers, economic operators, public institutions and local budgets, but also total arrear payments of RON 2.19 bln to the state budget, local budget and fuel suppliers. The RON 1.067 bln gap between payment obligations and receivables are reflected in the losses registered by those units, official sources say.


Many of the said plants were included in the emergency ordinance passed by the former government in 2006 on the cancellation of debts owed by the 34 companies. The amount of debts owed is to however be updated with the losses in the past three years, along with the steps towards notifying the European commission about this state aid schemes, the quoted sources said. Three years ago, the executive decide to exempt by means of an emergency ordinance still under debate by Parliament 34 power and transport enterprises from paying EUR 8.3 bln worth of debts to the state budget. According to the said source, government also plans to offset further CET and passenger transport company debts with RON 185.6 M of receivables to be cashed from local budgets.

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