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Bucharest
October 31, 2020
BUSINESS

Gov’t will extend until 2020 the incentives for companies operating in industrial parks

The government plans to extend by 7 years, until 2020, the fiscal incentives granted to companies that invest in industrial parks, and also to include these companies on the list of beneficiaries eligible to receive EU funding, and open 5 more industrial parks within a 5-year interval, Mediafax reports. The initiatives are part of a plan devised by the government, aimed at stimulating and developing new industrial parks, in the context of investments in such areas declining over the last years. There are activity sectors that do not qualify for such incentives: metallurgy, production of synthetic fibers, shipbuilding, coal industry, agriculture and fishing.

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