Government comes up with third plan to reboot economy
The companies with debts to the state and which are also owed
money by the state will become part of an offset system, whereby
the two entities will offset their debts, stipulates a new plan on
support for the economy considered by the Government. At the same
time, the newly established companies that invest 500,000 euros and
hire 25 people could get a five-year profit tax holiday.
The plan will be announced next week. This is the third reboot plan
devised since Emil Boc took office at the Victoria Palace
(Government HQ) - the previous two were devised around the "Rabla"
old car scrappage scheme and the "First Home" scheme.
"It has been discussed (by the coalition i.e.); the plan will be
announced when finished, which is most likely next week,"
Administration Minister Vasile Blaga said yesterday. Deputy Sulfina
Barbu, former Environment Minister, who is in charge of the group
setting the new measures, says the plan will be discussed with the
business sector for a month and could come into force in
September.
The business sector, however, is sceptical about the new plan.
Cristian Parvan, general secretary of the Association of
Businesspeople of Romania (AOAR) says the latest steps taken by the
Government when it amended the Fiscal Code do more harm than good
for the business sector, while the new reboot plan is nothing but
an intention that cannot be taken seriously unless applied.
"It's July 12 (yesterday i.e.). When does one propose these steps,
when does one take them, when do they enforce and when do they
produce effects?" Parvan wonders.