Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-04-26-Speech-3-056"
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"en.20060426.10.3-056"2
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"Mr President, I would like to share with the Commissioner a concern I have on the current market situation in Romania by giving him an example.
Last year I visited Rafo, the third biggest oil refining company in the country, and by far the biggest firm in the poor Moldavia province. The company is trying to overcome major financial problems that have been accumulating since its privatisation in 2001. Members of its administrative board made me aware of the pressures and obstructions they get from the Romanian Government to continue with the company’s activities.
Although in July last year a new investor clearly expressed its willingness to clear Rafo’s nominal debt to the Romanian authorities, until now the Government has not shown any interest in this offer. Moreover, the Government’s demand for advanced VAT payments for imported raw materials – which makes Rafo the only company in Romania to have its operation conditional on paying VAT in advance – poses a serious threat to the company’s viability. This discriminatory treatment, which is against free market rules and which questions the impartiality of the Romanian Government towards the companies competing in the market, is still maintained in spite of the solvency and serious intentions of the new investors."@en1
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