Top Channel inspected the balances of 15 biggest concession companies in
the country, to see their impact on the national economy.
These concessions were for our natural assets, such as oil, chrome, copper and services in health, transportation and the tax system.
According to the information published at the National Business Center, the companies have made 435 million EUR of net revenues in 2015, 4.2% of the GDP.
But what did citizens benefit from this?
Data show that companies paid 45 million EUR of direct taxes in 2015, most of which coming from the mining tax, a specific tax at 10% for the crude production.
Besides this tax, the 15 biggest concessions have paid just 8 million EUR in total, less than 5% of the taxes the government collects from salaries of their citizens.
The financial panorama of concessions is very complex. In 2015 they declared a total of 14 million EUR of net profit, since 40% of them claim the are facing losses.
These are just the new concessions, which try to recover their costs in the early years. But the more time goes by, the more their balances generate huge profits, from 30% to 75%, such as the Petrolifera, the Port Container Terminal, the Rinas Airport and the concession for printing passports.
Top Channel
