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September 18, 2020
BUSINESS

EUR 100 M state aid scheme for highly skilled jobs

Government approved a state aid scheme worth EUR 100 M which targets provision of funds for salary costs required for highly skilled staff, as Florin Georgescu, Minister of Public Finances, informed at Victoria Palace. The new state aid scheme refers to financing salary costs for highly skilled jobs in fields such as ITC, research – development, innovation and it is aimed at supporting the investments promoting regional development through the use of new technologies and creation of new jobs. Unlike the other schemes managed by Ministry of Public Finances, exclusively focused on financing corporate and non-corporate assets in industry, medicine, tourism, the new state aid scheme focuses on funding the salary costs for the highly skilled staff and it is aimed at facilitating access to funding for the entrepreneurship targeting innovative investments which result in high value added products, securing the shift from existent industrial sectors using obsolete technologies, polluting and high energy consumers, to industrial sectors which use advances technologies. The impact on budget expenditures is estimated at RON 218.5 M in 2013, RON 87 in 2014, RON 62.25 M in 2015 and in 2016 respectively.

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