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August 14, 2022
BUSINESS

FinMin: We shall facilitate domestic companies’ access to state aids

Public Finance Minister Eugen Teodorovici told a press conference in Bistrita on Friday that this month a Government resolution will come into view, facilitating the access of domestic shareholding companies to a state aid scheme, with the minimum funding cap going to be lowered from 10 million euros to 3 million euros.
‘There will be some modifications on this area. The state aid today in Romania on one of the schemes is being granted, however, under certain conditions that make a little bit difficult the access to funding, starting with the funding level of minimum 10 million euros. Automatically, it will go down somewhere around 3 million euros, through a government resolution, in July, when we modify this state aid scheme in order to allow a simpler access to funding, especially for the domestic shareholding companies. We very well know that there is still a shortage in this area and we must do this thing to strengthen this area,’ the Minister said.
Teodorovici hopes the new criteria will allow a faster funding of those who request such public aids, but also an increase in the number of applicants.

 

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