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ERG ERG SpA

17.80
0.19 (1.08%)
Last Updated: 11:46:18
Delayed by 15 minutes
Share Name Share Symbol Market Type
ERG SpA BIT:ERG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.19 1.08% 17.80 17.79 17.81 18.03 17.63 17.66 435,552 11:46:18

Italy Government To Keep Windfall Tax On Energy Cos - Industry Min

10/06/2009 12:34pm

Dow Jones News


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The Italian government plans to keep a windfall tax on energy companies despite the drop in oil and electricity prices, said Industry minister Claudio Scajola Wednesday.

Scajola said, however, he is open to discuss the matter.

The reason for the tax is not "an act of an unjustified aggressiveness, but is the consequence of a logic of social solidarity," said Scajola at the Italian Oil Association annual meeting in Rome.

"However, we are open to a constructive dialogue on this issue," he added.

The minister also told oil companies they must reduce the country's gasoline price to be in line with the European Union average.

--Liam Moloney, Dow Jones Newswires; +39 06 6976 6920; liam.moloney@dowjones.com

 
 

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