November 20, 2017

Government prepares to aid companies in IT, R&D and innovation

According to a government bill that is currently under public consultation on the website of the Ministry of Public Finances, the Romanian authorities are working on a state aid scheme worth EUR 100 million targeted at companies in IT, research & development and innovation. The funds should cover costs with highly-skilled personnel working in these companies and its adoption is meant to induce the regional development of all regions in Romania by creating work places in companies that are promoting the development and use of new technologies, for making investments that either lead to innovative products, services and technologies or include an ITC component of at least 20 % from the value of investments and the rise of revenues to the general consolidated budget. In order to benefit from state aid, the companies must develop projects that involve creating at least 300 new workplaces for each new investments and maintaining them for at least 5 years.

Source: Business-Review (read more)

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