Gas 
Oil Companies Financial Reports To Be Verified By Romanian Tax Authority
The Government's report analyzing the producers and distributors of gas and diesel shows that almost all the local oil companies reported significant losses for 2010 and their real profits were not reflected accordingly, although fuel pump prices increased by around 20% in Romania last year. As a result of this report, Romanian tax authorities will verify whether the financial reports of local oil companies include unjustified expenses aiming to reduce their real profit and if their declared fiscal losses are grounded. "We will also verify whether the profits have been transferred abroad," Government sources said on Tuesday. The verifications will begin at the request of Prime Minister Emil Boc. The main companies selling fuel in Romania are OMV Petrom (SNP.RO), Rompetrol, LukOil, MOL and OMV. citeste mai mult
