Romanian Chamber of Deputies adopts Black Sea offshore legal framework
Normative act is to be signed into law by President Klaus Iohannis.
Articol de Radiojurnal, 26 Octombrie 2018, 16:06
Romanian Chamber of Deputies adopted, on 24 October, the Black Sea offshore legal framework for gas exploration in the region.
Final form of the bill maintains limit of 30 percent of investment allowed to deduce when paying taxes. Half of the Black Sea gas production is traded on the Romanian Stock Exchange. Money coming from additional income tax will reach a special account to finance expansion of gas distribution and transport networks.
Normative act is to be signed into law by President Klaus Iohannis.
Source:RRA.Translated by Miruna Matei
