Romanian administration prepared to expand tax incentives for businesses dedicating funds to Research and Development
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The Romanian government has announced plans to boost the economy with a new relaunch strategy, which includes tax incentives and facilities for entrepreneurs, particularly those investing in technology and industrial production.
At the launch of the second edition of the Entrepreneurs Barometer, Deputy Prime Minister Tanczos Barna, a former minister of finance in Romania, revealed these measures as part of an economic relaunch plan drafted by the Social Democratic Party (PSD).
Tanczos confirmed the government's intention to offer tax credits for research and development, and these incentives may also be extended to new investments in technology and industrial production. However, the deputy prime minister did not specify the exact details of the tax incentives.
In a significant move, Minister Tanczos also announced that state-owned bank Exim Banca Românească will support Romanian entrepreneurs who want to develop outside the country. While no new information was given about the transformation of Exim Bank into an export-import bank in Romania, it is expected that the bank's role will be to support Romanian entrepreneurs to expand into Europe.
However, the organization directly involved in supporting Romanian entrepreneurs who want to invest abroad was not explicitly named in the provided search results.
The discussion of the economic relaunch plan will include the ruling coalition partners. In addition, the government is considering granting facilities to entrepreneurs with new investments, with the aim of encouraging growth and innovation in the Romanian economy.
The announcement was made at the launch event, which was conducted by INSCOP and promoted by New Money and Informat.ro. The Entrepreneurs Barometer is a comprehensive study that provides insights into the entrepreneurial landscape in Romania.
While the details of the economic relaunch plan are still being finalized, the Romanian government's commitment to supporting entrepreneurs and fostering economic growth is clear. As the plan moves forward, more information about the specific measures and their impact on the economy is anticipated.
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