Govt. kicks off plan to support young investors

Romania plans to support young investors who will start a business by offering them state guarantees, as well as exemptions from social security payment and a state aid of 20 percent of the value of their projects, up to EUR 10,000. The Romanian Government has put up for public debate the ordinance project and plans to enact it later on. Young people between 18 and 35 who start a business have to employ at least two people and reinvest their profit in order to become eligible for this program. The Government expects to support a couple of hundred such companies this year and several thousand next year. Romania-insider.com