Latest News  

State aid schemes and comparison between old and new

The first edition of state-aid schemes was completed in mid-2014, says Valentina Craciun, financial advisor, auditor, Noerr Finance & Tax.

2015-10-23 12:40:09

The assets scheme for investments over 100 million Euro and 500 employees had a 19 per cent absorption rate, while the second assets scheme, addressed to companies that have invested more than five million Euro and at least 50 employees, had a 50 per cent absorption rate. Regarding GD no 797/2012 for job creation, the scheme was a success, with an absorption rate of 100 per cent. It was accessed by large companies such as Deutsche Bank, Endava, Vodafone, Microsoft and IBM.

Regarding the new state-aid schemes, they came into force in the second half of 2014. According to Valentina Craciun, financial advisor and auditor at Noerr Finance & Tax, the allocated budget for the new schemes is 600 million Euro, meaning 100 million Euro per year. Financing agreements will be issued until 31 December 2020 and the repayment of state aid can be achieved by 2025.

There are a number of differences between the old and new state-aid schemes and Craciun analysed them.

If the old state-aid scheme for assets was addressed to companies investing more than five million Euro, the new one is for those who invest at least ten million Euro. Regarding the 797/2012 scheme, it had a threshold of 200 new jobs and targeted investments in IT&C and R&D. Currently, however, the new 332/2014 scheme to support investments that promote regional development by creating jobs requires just ten new work places. Basically, it addresses all categories of companies, large, small and medium, Romanian entrepreneurs with fewer employees also being able to access the state-aid schemes, said Craciun.

"It is important to know that these jobs must be directly created by an investment project and must not, under any circumstances, be created before receiving the grant agreement and no later than three years after the completion of the investment," said Craciun. "The company is obliged to keep these jobs three years in case of SMEs, from the employment of the first job, and five years for large companies." The novelty of the 332/2014 scheme compared with the old one is that the intensity has changed, added Craciun. If before it was 40 per cent in Bucharest and 50 per cent in the rest of the country, currently Bucharest has a ten to 15 per cent intensity, the west - 35 per cent and investments made in the rest of the country - 50 per cent.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
EY announces new global talent programs to prepare its people and its business for the future of work

EY recently announces a series of new global talent programs designed to prepare its workforce and its business for the future of work, including LEAD, a new global model for career, development and performance

 Read Full article »
Societe Generale European Business Services invests in innovative solutions made by Romanian start-ups

Societe Generale European Business Services, part of the international group Societe Generale, had ended its first corporate accelerator program dedicated to start-ups in Romania – Catalyst 2.0.

 Read Full article »
SAP launches free online courses for teens passionate about technology

SAP announced it has prepared several free online technology courses to be launched this fall for young and teens passionate about technology such as: Teens Get Coding! And Teaching Programming to Young Learner

 Read Full article »
Oracle gains cloud revenues up 51 per cent to 1.5 billion US dollars in new fiscal year's Q1

Oracle Corporation announced fiscal 2018 Q1 results, with total revenues up 7 per cent from the prior year to 9.2 billion US dollars. Cloud plus On-Premise Software Revenues were up 9 per cent to 7.4 billion US

 Read Full article »
Stefanini names Farlei Kothe as vice-president for EMEA

IT solutions developer Stefanini announced the naming of Farlei Kothe as vice-president for EMEA region. The new manager will coordinate the company's software development division from Bucharest.

 Read Full article »
Endava marks 10-year presence in Iasi and plans growth countrywide

British company Endava marks ten-year presence at Iasi, in North-Eastern Romania and also announces the opening of a new office in United Business Center of Palas Iasi compound.

 Read Full article »
Portland Trust celebrates 20-year anniversary with start of last phase of Oregon Park, Bucharest

The central European property developer Portland Trust and US based Ares Management are embarking on the final phase of Oregon Park, their new office park in Bucharest. This event coincides with the company 20

 Read Full article »
WBE: Which EU country is most at risk of cybercrime?

Computer users in South Eastern Europe may want to review their digital security after new research revealed they are the most vulnerable to cyber crime, a press release of Website Builder Expert (WBE) states.

 Read Full article »
GE opens new software center in Bucharest, looks for highly skilled IT specialists

GE announced that it speeds up growth for its software and digital resources in Romania and kicks off the recruitment campaign for GE Power's Grid Software Solutions (SWS) center in Bucharest.

 Read Full article »
DB Global Technology creates new technology hub, digital workplace floor and event venue

DB Global Technology S.R.L. (DBGT), Deutsche Bank's technology centre in Bucharest, has inau-gurated a new research and development hub, a digital workplace floor and a state-of-the-art event venue, according t

 Read Full article »
 
MOST RECENT VIDEO
 
 
MOST READ ARTICLES
» GE opens new software center in Buchar...
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» HIpark, a new office project of 21.000...
» DB Global Technology creates new techn...
» Stay updated on People in Shared Serv...
» Molson Coors started to grow its busin...
» Endava opens fintech hub and doubles n...
» Romania, Europe's third and world's 13...
» Genpact's COO: Staying ahead of the cu...
» Capgemini to develop, deploy, and main...
 
EDITOR CHOICE
TELUS International Europe: How big banks and fintechs are working together to innovate the customer experience

Comparing financial technology (fintech) companies to legacy financial institutions can invoke an image of David and Goliath. Fintech firms may be small, particularly when compared to the established titans of

 Read Full article »
Wipro launches automotive center of excellence in Romania

Wipro Limited, global information technology, consulting and business process services company, announced the launch of an Automotive Center of Excellence (CoE) in Timisoara, Romania. This CoE will help Wipro d

 Read Full article »
TELUS International Europe: The convergence of customer service and digital marketing/NewGen technologies: What does it mean for businesses?

Technology shapes the way we educate, communicate, conduct business and advance science, all while maintaining significant influence on the global economy. But the way we engage with technology is changing

 Read Full article »
Stay updated on People in Shared Services and Outsourcing Forum, October 19

Outsourcing Today organizes the third edition of People in Shared Services and Outsourcing Forum, on October 19, 2017 in Bucharest at Caro Hotel.

 Read Full article »
Preparing for the new future

Business shared services in Romania is by nature a flexible, mobile and diverse community and in this context, local markets develop their own particularities to address the global changes, to adjust to new dem

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events