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
Smartree: Software development field interests Romanians living abroad

Romanians abroad wishing to return to the country could be attracted by the IT domain, and more precisely the software development branch, according to a study conducted by Smartree.

 Read Full article »
Norwegian software developer leases 4.200 sqm in Iulius' Unites Business Center 3

Iulius Company and Visma Software, a Norwegian developer of business management software solutions, have signed a lease agreement for office premises within the United Business Center 3 (UBC 3) office building

 Read Full article »
Oracle hires 1000 sales representatives to boost cloud services in EMEA

Oracle announced 1000 new jobs in Europe, Middle East and Africa. Under the Change Happens Here banner, the company is hunting for the next generation of ambitious, driven, digitally savvy Sales Representative

 Read Full article »
Academy Plus programming school opens at Bucharest with 120 available places

ACADEMY+PLUS, the free of charge programming school launched three years ago at Cluj in partnership with École 42 in Paris, opens also at Bucharest with 120 available places to those who want to learn programm

 Read Full article »
AI to drive GDP gains of 15.7 trillion dollars with productivity, personalisation improvements

Global GDP will be 14% higher in 2030 as a result of AI – the equivalent of an additional 15.7 trillion US dollars, a recent research report of PwC states. This makes it the biggest commercial opportunity in

 Read Full article »
TotalSoft appoints Adina Gurgu as Chief Technology Officer

TotalSoft, one of the leading ERP and financial solutions providers internationally, announces the appointment of Adina Gurgu as Chief Technology Officer (CTO), who will be starting August responsible with spea

 Read Full article »
Czech ALEF Group acquires local company and enters Romanian market

Czech IT systems and equipment supplier ALEF Group announced it had acquired Romanian peer company Likeit Solution for an undisclosed sum.

 Read Full article »
3Pillar Global expands with third development center in Romania

US-based IT services provider 3Pillar Global will open the third development center in Romania this August, in Iasi, to be locatedin Moldova Business Center.

 Read Full article »
DB Global Technology reaches 800 people, 150 people joined this year

B Global Technology, Deutsche Bank's technology center in Bucharest, has reached the 800 staff milestone, with over 150 people joining the team in 2017.

 Read Full article »
Regional operations centers give Romania's real estate market a boost

With a 4.8 per cent GDP growth in 2016 and the highest estimated growth rate in 2017 among EU member states, Romania has become an increasingly attractive destination for regional operations centers.

 Read Full article »
 
MOST RECENT VIDEO
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» EY: Work-life balance has become more ...
» Stefanini officially launches the offi...
» Bombardier: from Bucharest subway to t...
» Exclusive OT print issue: Genpact may ...
» Welcome onboard!
» Romania ranks second in Deloitte's CE ...
» Endava and Worldpay to create a center...
» Manpower:Romania has world's third hig...
» GM to open a call center at Bucharest
 
EDITOR CHOICE
EY: Work-life balance has become more difficult to be managed by one third of full-time employees in 8 large countries

EY's global survey of full-time workers in eight countries finds that one-third say managing work-life has become more difficult, with younger generations and parents hit hardest.

 Read Full article »
Welcome onboard!

By 2020, some 200.000 people are expected to work in business shared services in Romania, doubling the current employment portfolio enrolled in more than 120 companies operating BPO, SSC or ITO services. Howeve

 Read Full article »
Thierry Blain, SG EBS: Bringing teams to the next level

The journey of Societe Generale European Business Services began with the need for a strategic location to sustain and transform European operations of Societe Generale Group. The purpose was, from the early da

 Read Full article »
TELUS International Europe: Issue 3 - Customers First magazine! Strategy and innovation in travel and hospitality

The third issue of our Customers First magazine is now available! The latest edition is all about travel and hospitality, featuring insights from industry experts and top brands like JetBlue, Turo, Joie de Vivr

 Read Full article »
The future is now - Review of Romanian Outsourcing Summit, 2017

Romania delivers services in 25 languages with more than 100,000 specialists employed in the outsourcing industry and business services, and based on an estimated growth of 15-20 per cent, it is estimated to re

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