Oil investments in Black Sea to bring 26 billion dollars to state budget
Publicat:Investments in the hydrocarbon sector in the Black Sea will generate revenues for the state budget of 26 billion US dollars, and a plus of 40 billion for Romania's GDP, until the year 2040, according to a study done by Deloitte, at the request of the Romanian Association of Black Sea Offshore Concessionaires (ARCOMN).
The largest sum, namely 9,5 billion dollars, will be represented by companies' income tax. Out of the VAT and excises will bring in 3,7 billion US dollars, 6,5 billion from social insurance contributions, and another 5,5 billion US dollars from royalties.
In the…
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