AcasăEurope NewsState-aid scheme worth RON 2.25 billion for major investments in traditional industries...

State-aid scheme worth RON 2.25 billion for major investments in traditional industries in Romania

Published on

The Romanian Government approved on Thursday, at the proposal of the Ministry of Finance, a state aid scheme providing for non-reimbursable financing for investments with a major impact on the Romanian economy whose eligible costs exceed RON 50 million, informs a press release sent to AGERPRES.

The state aid scheme is aimed at stimulating economic growth by supporting investments in new and sustainable technologies and, at the same time, at encouraging entrepreneurial development. The social impact of the scheme is also important in the long term, as the projects financed through it will lead to the development of the economic activities of enterprises located in less developed regions, using products and services offered by local suppliers.

The total budget of the scheme is RON 2.25 billion, the equivalent of approximately EUR 450 million. Financing agreements will be issued by 31 December 2026 and state aid will be paid out in the period 2025-2032.

The cumulative eligibility criteria for investments are: to be considered as initial investments (new unit/expansion/diversification/fundamental change) or initial investments creating a new economic activity (new unit/diversification in the case of Ilfov county); to have a total value, excluding VAT, of eligible costs associated with the initial investment of at least RON 50 million; to demonstrate its economic efficiency and viability during the implementation of the investment and 5 years after its completion; to fulfil the condition relating to the incentive effect; to fulfil the quantitative and qualitative indicators laid down in the scheme; to generate a quantifiable multiplier effect in the economy.

AGERPRES

Latest articles

Iohannis: By inviting Republic of Moldova as a guest of honor, Bookfest promotes language and literature unity

President Klaus Iohannis considers that by inviting the Republic of Moldova as a guest...

Top 10 brands preferred by Romanians in 2024

Three Romanian brands are in the top ten most important brands preferred by Romanians,...

New banking IT development hub Raiffeisen Tech to officially launch in Romania in early July

Raiffeisen Tech, the new finance and banking tech and software development center, will officially...

Taxation of pensions, based on INS data, according to purchasing power, says PM Ciolacu

Prime minister Marcel Ciolacu declared, on Wednesday, related to the increase in the tax...

More like this

Iohannis: By inviting Republic of Moldova as a guest of honor, Bookfest promotes language and literature unity

President Klaus Iohannis considers that by inviting the Republic of Moldova as a guest...

Top 10 brands preferred by Romanians in 2024

Three Romanian brands are in the top ten most important brands preferred by Romanians,...

New banking IT development hub Raiffeisen Tech to officially launch in Romania in early July

Raiffeisen Tech, the new finance and banking tech and software development center, will officially...