The Ministry of Finance has financed seven investment projects for the three companies of the Renault Group, with a total value of over 2.242 billion RON, which generate 1,478 new jobs, and the state aid granted is worth a maximum of 644.55 million RON, informs the institution through a press release.According to the cited source, the projects generate direct contributions to regional development through the payment of fees and taxes of over 1.247 billion RON. Currently, five investment projects with a total value of 1.438 billion RON have been completed, which generated a number of 1.178 jobs, and the state aid granted is 436 million RON.Minister of Finance Marcel Bolos paid a working visit on Tuesday to the Titu Technical Center of the Renault Group, one of the company's most important research and development platforms in Europe."We must always be attentive to the needs of the business milieu and to concrete measures that generate progress. In this sense, we gave them good news. After discussions with ACAROM, CONCORDIA, AHK and CCIFER, we prepared a normative act by which we propose a measure of support for this strategic area, by applying the tax deduction for research and development expenses, starting in 2024, and for companies that pay the minimum turnover tax. I hope that the project will be approved at the level of the governing coalition reach the Government as soon as possible", mentioned Marcel Bolos, quoted in the press release.The minister of finance discussed with the management team of the Renault Group about the situation of the automotive industry and about the future investment projects of Renault in Romania, on the occasion of which the need for additional measures to stimulate the research and development sector, for the industries that develop technologies, were pointed out new and contribute to the country's competitiveness."Dacia-Renault is an example of good practices and an important investor in the Romanian economy. One of the principles that guide me, as minister of finance, is that large-scale investments in the economy generate, in addition to jobs, the development to a very important sector, a multiplier effect for regional development", Bolos emphasized.During the meeting, Marcel Bolos reiterated the Government's wish to create a favorable environment for business development and for attracting new investments, both through balanced fiscal policies and by supporting innovation and digitization.The visit also included a presentation of the latest technological innovations and research projects under development at the Titu Technical Center.
The countdown is on until the start of the largest local fest, Transilvania International Film Festival on 13 June. Or, as everyone calls it: TIFF. To pass the time and (or) have an alternative, do not miss some of the most entertaining stories of all time courtesy of suspense master Alfred Hitchcock. And check out […]
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
