Leu, Argus: There is no fiscal evasion in the oil industry

The General Manager of the Argus Constanta edible oil producer, Vasile Leu, said that the oil industry is not affected by fiscal evasion considering this is a sector which requires major investments, which not everybody can afford. Regarding the results in the first quarter of this year, the company’s profit and turnover are expected to register a significant annual decline, due to lower market demand and a drop in prices.


“In my opinion, there is no fiscal evasion in the oil industry, unlike the milling and baked goods industry, for example [evasion exists in some 80 percent of the milling and baked goods market],” Leu told Business Standard.