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The Government prepares a package of state aids of 100 million Euro for large IT companies


The first company that could benefit from state aid is IBM, which plans a project to create a few thousand jobs.

Each company that will create at least 300 new jobs and they will keep for at least five years may receive a State aid amounting to over 28 million Euro, according to a government decision draft published on the website of the Ministry of Finance.

The main conditions for obtaining the State aid are that the investments to include an ICT component of 20% of the investment plan and to create 300 new jobs, which the company should maintain at least five years.

Companies operating in sectors such as coal, steel, shipbuilding and synthetic fibers  are excluded.

The financing agreements for state aid schemes can be completed within two years, meaning 2012 and 2013, and the state aid payments to be made ​​during 2013 to 2018.

Of this aid scheme would benefit other large companies in the IT industry, including the following: Oracle, Dell and Ericsson, which had in plan to create hundreds of jobs.

Companies like SAP, Samsung, Huawei, LG and ZTE may be added on the list.

The contribution related to the company's investment, represented by paying taxes to the budget during five years, must equal the amount of the aid requested. In other words, if a company invests 20 million Euro will receive from the state as a cash advance up to 10 million Euro in state aid, which the authorities need to recover it in the next five years from taxes paid by the company.

The total budget of aid schemes is 100 million Euro and is granted through the Ministry of Finance, which estimated that a total of 10 large companies will benefit from this aid. The maximum state aid that a company can receive is 28.135 million Euro.

The project was published on the Ministry of Finance website and is open to public debate until July 27.

Source: Ziarul Financiar


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