Authorities are discussing a new set of social measures
On Thursday Romania reported over 3,000 COVID infections, reported in the last 24 hours. On the same day, the Government sanctioned a six-month extension for the additional 2,000 medical staff needed in healthcare and emergency medical care services across the country. The Government also passed a memorandum on taking out a €250 million loan from the European Investment Bank for the Emergency Regional Hospital in Iasi, Finance Minister Florin Cîţu has announced at the end of the Government meeting. The total value of the investment stands at €500 million, half being funded from EU structural funds while the other half from the state budget. "This loan is meant to support investment until we attract European funds, to prevent delays and start building this hospital", Minister Cîţu said. During this meeting the Government also debated an emergency decree on several fiscal measures and amending a number of laws. One of the provisions refers to payment facilities for outstanding budget liabilities incurred after the introduction of the state of emergency on March 16 and until October 25. The measure addresses companies affected by restrictions imposed by the authorities to limit the spread of the coronavirus. The measure is bound to simplify procedures for filing for scheduled payment of obligations over a period of 12 months, the Finance Minister said. Florin Cîţu also outlined which companies can access this payment facility:
"All companies without overdue obligations to the state budget prior to the state of emergency and companies that are currently not in formal insolvency proceedings. Here we will introduce a separate regulation. All companies currently in insolvency proceedings but which have managed to pay their outstanding debt and have submitted their financial statements will also become eligible".
The authorities say the measure will support taxpayers who've had difficulties due to the lack of financial assets. On the other hand, the measure might also secure constant and certain budget revenues. Another provision in the said emergency decree, which is under debate until the next Government meeting, is set to extend until December 2 the deadline for introducing a 50% discount on property tax. Landowners can thus file their requests until December 21.
(Translated by V. Palcu)
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