Potential Bks Over-Taxation Is Proof That Govt Mulls Keeping Funds In Romania – PM

The Prime Minister added the government is confident that all the parties involved will observe their engagements.

 

Boc stated earlier Tuesday that the Romanian government will implement tougher measures, like over-taxing the profits obtained by foreign banks in Romania, if they do not keep their financing lines in the country, breaking thus the accord agreed in March in Vienna.

 

The Prime Minister added the government does not intend to take those tough measures, adding that there is no sign of such intention from the foreign banks yet.

 

End March, the IMF representatives also obtained the written agreement of nine parent-banks of the main Romanian lenders in Vienna, who engaged not to withdraw their capital and to continue financing the Romanian economy.

 

 The banks are Erste Group, Volksbank, Raiffeisen International, Societe Generale, UniCredit, EFG Eurobank, National Bank of Greece, Alpha Bank and Piraeus.

 

Last week, the central bank’s governor Mugur Isarescu stated that the bank’s officials would go to Brussels on May 19 to discus the details of the agreement closed with parent banks in Vienna.