Pfizer forcibly executes Romania for the sum of over 650 million euros

Photo source: Stat News

The pharmaceutical company Pfizer has begun the forced execution of the Romanian Government for the sum of over 650 million euros. At the company’s request, the accounts of the Autonomous Administration Romatsa, the operator of air traffic services in Romania, have been blocked, reports IPN.

The forced execution procedure was initiated for the total equivalent sum of 3.4 billion Romanian lei, equivalent to over 650 million euros, to which are added recovery costs worth over 18.5 million euros. The dispute arose after Romania lost the lawsuit filed by Pfizer regarding the honoring of overdue payments from the COVID-19 vaccine supply contract. The Romanian state initially ordered several tens of millions of doses, then, after the end of the pandemic, refused to receive the remaining quantity and, implicitly, payment for them.

Pfizer has won the lawsuit filed at the Brussels Court, whose decision can be appealed, but is enforceable. Thus, Pfizer has approached the European organization Eurocontrol, which deals with pan-European air navigation and the collection and transfer of overflight fees. And Eurocontrol has informed Romatsa that it will implement the seizure on the bank accounts into which these fees are transferred to Romania.

Romatsa clarifies that it is not a party to this dispute, the procedure being directed exclusively against the Romanian state. Moreover, the institution emphasized that although its accounts are blocked, the air navigation services are carried out under normal conditions, without the safety or quality of traffic being affected.



The National Agency for Energy Regulation will examine on Friday the request from Energocom regarding the increase in natural gas prices. The subject was included on the agenda of the ANRE meeting on July 24, reports IPN.

Energocom has requested an increase in the regulated price for consumers connected to low-pressure distribution networks from 13.35 lei to 19.37 lei per cubic meter, excluding VAT.

The request is motivated by the increase in natural gas procurement costs, against the backdrop of geopolitical tensions in the Middle East and the volatility of international markets. According to Energocom, these have generated an estimated tariff deficit of around 106 million lei.

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Pfizer forcibly executes Romania for the sum of over 650 million euros

Photo source: Stat News

The pharmaceutical company Pfizer has begun the forced execution of the Romanian Government for the sum of over 650 million euros. At the company’s request, the accounts of the Autonomous Administration Romatsa, the operator of air traffic services in Romania, have been blocked, reports IPN.

The forced execution procedure was initiated for the total equivalent sum of 3.4 billion Romanian lei, equivalent to over 650 million euros, to which are added recovery costs worth over 18.5 million euros. The dispute arose after Romania lost the lawsuit filed by Pfizer regarding the honoring of overdue payments from the COVID-19 vaccine supply contract. The Romanian state initially ordered several tens of millions of doses, then, after the end of the pandemic, refused to receive the remaining quantity and, implicitly, payment for them.

Pfizer has won the lawsuit filed at the Brussels Court, whose decision can be appealed, but is enforceable. Thus, Pfizer has approached the European organization Eurocontrol, which deals with pan-European air navigation and the collection and transfer of overflight fees. And Eurocontrol has informed Romatsa that it will implement the seizure on the bank accounts into which these fees are transferred to Romania.

Romatsa clarifies that it is not a party to this dispute, the procedure being directed exclusively against the Romanian state. Moreover, the institution emphasized that although its accounts are blocked, the air navigation services are carried out under normal conditions, without the safety or quality of traffic being affected.






1 IANUARIE, 2025
1 IANUARIE, 2025