Companies to pay to state 35pct of sums from investments not made

The companies where the state is the single or the majority shareholder will have to pay, in the form of dividends or payments to the state budget, 35pct of the amount provided for the investments that have not been made, within 60 days after the approval of the financial statements for 2018, Finance Minister Eugen Teodorovici told a press conference on Tuesday. 

"To determine companies to make investments, we change the approach and we say that: the business operators where the state is the single or the majority shareholders will distribute and transfer within 60 days from the date of approval of the financial statements for 2018, in the form of dividends or contributions to the state budget, 35pct of the sums for the investments which were not made. In other words, it is a measure that basically determines companies to make investments. No one wants to take these funds, which must go to the state anyway, as the state is shareholder in these companies," said Teodorovici.