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Investment Daily - Romania - Doing Business | DOINGBUSINESS.RO

  |  05.12.2012

Investment Daily - Romania

In the news: Gazprom rumoured to buy 60 filling stations from OMV Petrom; Romania will support a tax on financial transactions if there is a consensus in EU; Transgaz calls GSM to change two board members;

gas station

Gazprom rumoured to buy 60 filling stations from OMV Petrom
According to the media, Gazprom Neft, through its Serbian subsidiary NIS, is preparing to enter Romania through the purchase of 60 filling stations from OMV Petrom. The rumours come after the recent announcement that NIS purchased 28 filling stations in Bosnia Herzegovina from OMV. We have no indication on the transaction value. However we see the news as positive for Petrom due to the expected inflow of cash and as the decision would be in accordance with its strategy to focus on E&P.


Romania will support a tax on financial transactions if there is a consensus in EU
According to Government's spokesman, Romania will support the introduction of tax on financial transactions if there will be a broad consensus among European countries. For the moment we cannot estimate the potential impact of such a tax on BRD-GSG or Banca Transilvania, but we would consider it to be limited since trading activities are not significant for them. Out of the two, BRD-GSG should be affected more since it has larger derivatives positions with its mother company.


Transgaz calls GSM to change two board members
Transgaz called a GSM for January 17, 2013 asking shareholders, among others, to revoke the mandate of two members of the Board and to elect other two temporary members, until the implementation of government ordinance 109/2011. The proposal to replace the two members came from the majority shareholder of Transgaz.

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