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The new tax on eco energy November 29, 2013
Political party "Attack" was established on April 17, 2005 ... The complete file is illegal, discriminatory, unreasonable, unexpected. All these characteristics are true about the preparations seizure of 20% of the revenues of solar and wind power plants. However, what is not said is that this measure aims to expunge an entire business sector in energy, billions of investment and the willingness to invest in Bulgaria. "Periodic" fitness magazine madness "that overwhelms Bulgarian Parliament in the lurch for populist psevdoreformi, returned back to Bulgaria's economic fitness magazine develop," said a statement from the Bulgarian Wind Energy Association. Measure prepared by the government and by surprise "attack
Political party "Attack" was established on April 17, 2005 ... Whole file, "on Wednesday voted by MPs in budget committee at second reading. Place where the claim is to have people who understand economics, did not prove suitable for delivering evaluate their impact in numbers, were also reasons for the imposition her, let alone to justify her only size replica of the Deputy Minister of Finance Lyudmila Petkova that "charge it exists almost everywhere in Europe and even higher" or showed total ignorance fitness magazine or an attempt to mislead the Deputies.'s true that there is a tax on excessive profits, but they must first be proven in black and white. fitness magazine effect of the decision will surely be significant - the most direct would be that the state appropriate business fitness magazine a few companies in recent years have invested about 4 billion in wind and photovoltaic parks in calculations of sectoral associations. would follow and attack to local and foreign banks financing these projects, which will be offered chain and to other clients of financial institutions will have to bear losses. excessive debt NEC will come out of the hole to meetings. But the business climate will be permanently impaired. A disappearance of the idea of conservation of May is too relative to say. status quo of energy fitness magazine dependence on Russia has to be nailed down. Thunder on the sector before "Capital" manager of a foreign company with wind farms in northeastern Bulgaria, said that the risk to the projects is serious. "Fee access the regulator was about 10% of our tariff and it could swallow for some time. Tax at 20% most of the projects would default. Even banks to acquire them, they will not be profitable, "explained the manager. Another representative of a foreign company with photovoltaic projects with a total of 60 megawatts of power directly told" Capital "that their plants will fail., Direct result, if the fee is final voted will be the bankruptcy of hundreds of active projects, as there is almost no business that can withstand the seizure of 20 percent of its revenue. Even some preferential tariffs have been considered inaccurate in the past, investors have taken them as a basis for decision for market entry, assuming that the state holds the rules and will not change them retroactively. And do not forget that the budget goes to the all 10% corporate tax. In other words, by charge state would still nationalized 20% of business solar and wind farms and directly states that there is no problem with mass bankruptcies throughout the industry. sector also has suction resources - for years the state took between 10% and 40% of the revenues of renewable energy projects (access fee was abolished by illegal by a court, but paid by wind and solar 300 million lev still not returned). Moreover, large green plants complained that the NEC is their payments for energy produced since June.'re talking about 150 million lev . financial world will also suffer from the fee. "Maybe not massive failures, fitness magazine but overall solution will be quite severe blow to renewable energy businesses, banks that financed it, and the reputation of the state," explain "Capital" Asen Asenov, which department heads' Project and Structured Financing "in" Societe Generale Express. "Lending sector of Bulgarian banks 2.3 billion, and much of the rest of the 4 billion euro loan from international financial institutions, announced the associations. From European Bank for Reconstruction and Development (EBRD) has not commented on the merits fee, but stressed that predictable investment climate conducive to long-term solutions. EBRD itself is a direct investor in Fans