Government Sets Up New State Aid Scheme, Applicable By 2020
The government set up a new state aid scheme, that will be applicable by the end of 2020 to an estimated number of 150 companies, stimulating investments whose minimum value reaches EUR20 million.
According to a document obtained by Mediafax, the new state aid scheme will only target the encouraging of investments with major impact in the economy.
According to the scheme, the costs for carrying out or buying tangible and intangible assets will be considered eligible expenses. Thus, the costs with tangible and intangible assets for the initial investment will be financed by the state as non-reimbursable amounts. (Adevarul)
Fiscal Council: CAS Cut Unsustainable Without Measures To Compensate Financial Impact
The Fiscal Council warned that the social security tax (CAS) cut by 5 percentage points will be unsustainable without measures to compensate the financial impact, otherwise the budget deficit might near the threshold of excessive deficit procedure.
The cutting of the social security contributions by five percentage points, in a move to decrease the burden on labor, can be achieved with minimum budget impact if authorities reduce/eliminate the high differences of fiscal treatment for various types of income (salaries, royalties, self-employed, micro-plants) which are discriminatory to taxpayers. (Curierul National)
Only 10% Of Fruit And Vegetables In Supermarkets Come From Local Production
The price of fruit and vegetables started to decrease as more and more Romanian products have lately entered the market, but foreign products are still dominant.
Thus, only 10% of the fruit and vegetables in supermarkets come from local production.
Big retailers encourage Romanian producers sell their products in supermarkets, but local producers should establish partnerships or associations to have easier access to big store chains. (Evenimentul Zilei)
Justice Minister Asks Parliament For Support On The Judiciary’s Requests
Justice Minister Robert Cazanciuc asked the Parliament to support the requests coming from the judiciary, adding that politicians should be more reserved as regards the statements referring to the judicial system.
Cazanciuc added that the change of mentalities, the confidence in justice and in state institutions are hard to build, and an essential condition would be for politicians to be more reserved when talking about the judiciary. (Puterea)
Education Ministry: 58.99% Of Students Passed High-School Graduation Exam
The Education Ministry stated that 58.99% of students passed the high-school graduation exam, June-July 2014 session, after the centralization of 97.19% of the data.
Most of the marks, namely 24,497, were between 8.00-8.99. Last year, the graduation rate was at 55.52%. (Puterea)