Decree Law No. 31/2018
- Issuer: Presidency of the Council of Ministers
- Diploma Type: Decree Law
- Number: 31/2018
- Pages: 1834 - 1835
Summary in plain english
This decree-law defines new rules for the Support System for Restoring Competitiveness and Productive Capacity.
The Support System for Restoring Competitiveness and Productive Capacity was created in November 2017 to help companies directly affected by the fires of 15 October 2017 in the North and Central regions to enable them to restart their business.What will change?
There will be some changes to rules on the:
- amount of funds to be granted
- obligations of companies benefiting from these funds
- companies that can benefit from these funds.
Small or medium-sized enterprises (SMEs) will be repaid 85% of their investment expenses.
If the company is not an SME, the expenditures will be funded as follows:
- 85% of investments that were up to 235,000 euros
- 25% for the part of the investments that were above 235,000 euros.
In order to benefit from these funds, companies must have insurance that covers damages and losses caused by fires and other natural disasters on equipment, facilities and other goods funded by the Support System for Restoring Competitiveness and Productive Capacity.Companies under the simplified scheme can also benefit from these funds
Companies that do not have organized accounts, because they are not legally obliged to do so, can also request this support.What are its benefits?
This decree-law is intended to make the adjustments considered necessary with the application of the Support System for Restoring Competitiveness and Productive Capacity.When does it come into effect?
This decree-law comes into effect the day after being published.
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