Postponing bill payments or capping energy prices will trigger chain negative effects, and the adequate solutions are VAT cutting or VAT exemption for gas and energy, the Romanian Power Suppliers Association (AFEER) said in a release on Friday.AFEER has taken note of the set of measures announced by the European Commission for EU member states to apply in order to reign in the impact of the explosive rise in energy prices. It falls on the authorities in each country to decide which measures in the set unveiled by the EC will be implemented, in accordance with their own policies."We reiterate our stance that both short-term and long-term solutions are urgently needed, but their impact must be properly assessed. Although they could appear as a support for eligible consumers, measures such as price capping and/or postponing the payment of consumer bills are not the most appropriate and beneficial because they will trigger chain harmful effects after application. We say this because the consumers who will defer their electricity and/or gas payment obligations in the next period will pile up large debts that will add to next year's consumption. Moreover, we have all seen that a measure such as postponing bill payments, which was applied during the state of emergency, did not resolve the situation. On the contrary, it has led to rescheduling of payments for consumers and great cash flow difficulties for suppliers," the release states."AFEER came to the aid of the authorities with concrete proposals to lower consumer bills. Cutting the VAT on electricity and gas or a VAT exemption for these utilities, the excise exemption and the partial coverage of the utility bills by the prompt enforcement of the Vulnerable Consumer Law are the association's proposals for the immediate reduction of consumer bills," the cited source states.The representatives of the power suppliers also argue the VAT reduction or VAT exemption for energy will indirectly impact all consumers, lowering the increase in final product prices.
Investment: 125 million euros to establish STIHL’s European Competence Center for the production of battery packs and battery-powered tools Scale: 47,000 square meters facility on a 147,000 square meters site — capacity of up to 1.8 million battery packs and 1.7 million tools by 2028 Employment: Approximately 700 jobs to be created by 2028 Network: Romania […]
A report published on Wednesday, October 15, by the Council of Europe’s Committee for the Prevention of Torture (or CPT) urges Romanian authorities to address serious shortcomings in the treatment and conditions of detention of patients in forensic psychiatric hospitals. The deficiencies in the Romanian system were identified by the Committee representatives during a visit […]
The state-owned Electrica (BVB: EL), one of the main players in Romania’s energy sector, completed the Satu Mare 2 photovoltaic park, a strategic project that marks an important step in diversifying the production portfolio. Located near the commune of Botiz, Satu Mare County, the park has an installed capacity of 27.056 MW and represents an […]
More than 100 items, ranging from frescoes and paintings to sculptures, photographs, and other rare artifacts from Italian museums, will go on display in Timișoara for an exhibition looking at the city of Pompeii. Titled The Fragility of the Eternal. From Pompeii to the Grand Tour to Today, the exhibition will be open from November […]
Robotics startup Dexory, founded in London by Romanians Andrei Dănescu, Adrian Negoiţă, and Oana Jinga, has secured new Series C funding of USD 165 million, according to an announcement made on LinkedIn and quoted by Ziarul Financiar. The company has developed an autonomous robot, the tallest in the world, reaching 16 meters, and a platform designed […]
NEPI Rockcastle, Central and Eastern Europe’s largest owner and operator of shopping centers, has inaugurated its first photovoltaic park in Chișineu-Criș, Arad county, in western Romania. The investment is part of its green energy programme, which includes a EUR 110 million plan for photovoltaic projects across Central and Eastern Europe. According to the company, these […]
