Bloomberg News

OMV Romania Investment Depends on Regulation, Roiss Tells ZF

June 05, 2012

OMV AG (OMV)’s investments in its Romanian unit OMV Petrom (SNP) SA will depend on the country’s “fiscal stability and regulation,” Chief Executive Officer Gerhard Roiss said in an interview for Ziarul Financiar.

Roiss said that any change in the Romanian taxing system will impact the investment plan of Petrom, the country’s biggest oil company, according to the Bucharest-based newspaper.

Romanian Economy Minister Daniel Chitoiu said on May 18 that the government is discussing new taxes on “exceptional” profits of energy companies after freeing natural-gas and electricity prices.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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