25.2 C
August 14, 2022

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.


Related posts

Hilton opens first Hilton Garden Inn hotel in Bucharest

Nine O' Clock

Romanian and Canadian companies cooperate on nuclear energy

Nine O' Clock

Investments in shopping centres stalling