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Bucharest
February 25, 2021
AGRICULTURE BUSINESS COMPANIES ECONOMY

Gov’t approves mechanism to stimulate companies to increase equity

The government has approved, under an emergency ordinance, the establishment of a mechanism to stimulate companies to increase their equity, to move from negative capital to positive capital, Ionel Danca, head of the Chancellery of the Prime Minister, said Thursday.

“The Ministry of Public Finance has proposed a mechanism to stimulate companies to increase their equity in order to move from negative capital to positive capital. After granting bonuses, this year to SMEs and large taxpayers, namely 5 and 10 %, this mechanism practically continues this incentive for companies to improve their financial performance. Thus, if a company in a fiscal year reports an increase in equity of between 5 and 25%, a profit tax rebate of between 5 and 10% will be granted for each step of increasing equity. (…) Companies that already register positive equity qualify for a 2% reduction in corporate tax. This draft emergency ordinance was adopted in its final form at this government meeting and will enter into force as soon as the implementing rules are published,” Danca said on Thursday at the end of a government meeting.

Framework through which young farmers can obtain 50 ha from state by lease, adopted by the Executive

On Thursday, the Government also approved the draft emergency ordinance for the creation of the legal framework through which the young farmers will be able to obtain, through lease, land from the state of maximum 50 hectares.

“On the supplementary list of the Government’s meeting, a draft emergency ordinance for the implementation of a program included in the National Investment and Economic Recovery Plan of the Orban Government; is the draft for the establishment of measures to support young farmers. Thus, the legal framework is being created in order to be able to lease land from the public domain of the state for the installation of young farmers. They will be able to obtain, through lease, state land of maximum 50 hectares,” Ionel Danca said, at the end of the Government’s meeting.

“Electric Up” program offers  SMEs in the HoReCa field the possibility to access a non-reimbursable financing of up to 100,000 euros for the installation of photovoltaic panel systems

The Government has adopted the “Electric Up” program, through which the SMEs in the HoReCa field have the possibility to access a non-reimbursable financing of up to 100,000 euros for the installation of photovoltaic panel systems and charging stations, announced the Chief of the Prime Minister’s Chancellery, Ionel Danca.

“In the economic field, another draft emergency ordinance for the implementation of another program in the National Plan for Investment and Economic Recovery. It is about the ‘Electric Up’ program, through which the SMEs in the field of HoReCa have the possibility to access a non-reimbursable financing of up to 100,000 euros for the installation of photovoltaic panel systems and for the installation of charging stations. This draft normative act obtained all the necessary approvals and was adopted in final form in this Government’s meeting,” Ionel Danca declared, on Thursday, at the end of the Executive’s meeting, Agerpres informs.

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