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Bucharest
February 26, 2021
BUSINESS

State aid scheme for 150 companies, valid until 2020

The Government will launch a state aid scheme for companies, valid until 2020, with a total budget of RON 2.7 bn (EUR 600 M), for the non-repayable financing of the costs of tangible and non-tangible assets in connection with the initial investment, the payments being scheduled for the period 2015-2023.  In order to benefit from the state aid, applicants must make an initial investment of minimum RON 44 M (EUR 10 M), in tangible and non-tangible assets in the same perimeter, in connection with starting a new unit, expansion of the capacity of an existing one, diversification of production of a unit through goods that were not previously manufactured in that unit or a fundamental change of the general production process at an existing facility, according to a draft government decision.  The value of the initial investment was reduced compared to the initial form of the draft from minimum RON 88 M (EUR 20 M). The aim of the new state aid scheme is to stimulate only those investments with a major impact on the economy.  The Ministry of Public Finance, in whose budget the new state aid scheme is included, through the ‘State aid for the financing of investment projects’ programme anticipates that approximately 150 companies will benefit from the new line of financing.

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