BUSINESS

CFR SA, the state’s largest debtor

According to the National Fiscal Administration Agency (ANAF), CFR SA, the National Railways Company, has ended up being the state’s largest debtor, owing RON 1.725 bln (over EUR 400 M) to the state, of which RON 852.5 should have been paid on December 31, 2010, ‘Evenimentul Zilei’ informs. CFR has surpassed the National Coal Company (CNH), the latter owing RON 1.467 bln (approximately EUR 350 M) to the state. CFR SA owed RON 80 M in unpaid profit tax, RON 123 M in unpaid VAT, RON 43.7 M in unpaid salary taxes, plus interest and penalties of RON 602 M. CNH totaled RON 1.023 bln in interest and penalties, RON 280.7 M in unpaid VAT, RON 5.2 M in unpaid salary taxes, and RON 8 M in unpaid excise tax. Galaxy Tobacco is the state’s third-largest debtor, owing RON 919 M (RON 462 M in unpaid interest and penalties and approximately RON 454 M in unpaid excise tax).

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