R&D - A motor for economic growth

R&D - A motor for economic growth

After IT, a new sector which requires a highly skilled workforce has emerged as an area of focus for the government. Although it is considered an important factor for economic growth, the R&D sector is poorly developed in Romania, as we currently rank last in Europe for Innovation. The most recent measure taken to encourage R&D development is the introduction of the income tax exemption on salary income earned from carrying out applied research and technological development activities, which took effect from August 2016.

1000
r-d economic growth

©2024 KPMG România S.R.L., o societate cu răspundere limitată de drept român, membră a organizației globale KPMG, compusă din societăți membre independente afiliate KPMG International Limited, societate privată engleză cu raspundere limitată la garanții.  Toate drepturile rezervate.

Pentru mai multe detalii despre structura globală a KPMG, accesați https://kpmg.com/governance

Connect with us

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today