The PSD announced today, at 2:00 pm, a package of «economic relaunch» that includes Fiscal Investment Deductions Greenfield, state guarantees for loan and a unique digital counter for investors. Social-democrats promise 120,000 new jobs and an economic growth of 3% in the next three years, but it is not clear whether the measures have the support of the coalition, according to Digi24. The package provides support for investments of over 20 million euros in key industries and concession of land with utilities for 30 years. The main measures: Fiscal credit for investments from scratch (Greenfield): massive deductions from the profit tax for certain expenses over a period of 5 to 10 years, depending on the value of the investment. State guarantees for loans taken by companies Unique investment counter – a unique digital platform for issuing all the necessary opinions and authorizations to start an investment. Supporting new investments of at least 20 million euros in the food, pharmaceutical, chemical, car, metal constructions, manufacture of machinery and equipment with land utilities for 30 years PSD interim president Sorin Grindeanu told the program that all the proposals do not put pressure on the budget. «We propose the method of fiscal credit. This method we want a target for new investments and investments in disadvantaged areas. This method assumes that the companies that want to invest will have a deduction, ie state facilities, from the profit tax, for a period of 5 years with the possibility of extending to 10 years,» said Sorin Grindeanu. PSD proposes a scheme of state guarantees for SME credits, in which 60% of the ceiling for investments, equipment, construction, digitization, and 40% for working capital. In recent months, the Bolojan government has announced a series of packages of measures meant to reduce the budget deficit, by increasing the income and decreasing the expenses, provided that Romania has concluded 2024 with a deficit of 8.6% on the cash method and 9.3% on the method used by the European Commission, ESA. The Ciolacu1 government has left behind an extremely complicated budget situation, and the Ciolacu 2 government tried to mask this situation, presenting in the spring a budget with a declining deficit, but which had many invoices hidden by drawers.
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