Companies have submitted business plans worth more than 8 billion RON for investment projects with a major impact on the economy and the state aid requested amounts to 3.77 billion RON, the Ministry of Finance announced on Wednesday in a press release.
"The Ministry of Finance has organized, in the period 29.07.2024 - 09.09.2024, the first session of online submission of applications for financing on the basis of the state aid scheme established by Government Decision no. 300/2024, aimed at regional development by stimulating investments. In the first session, 45 applications were submitted for the financing of investment projects totaling 8.04 billion RON. The total amount of state aid requested is 3.77 billion RON," reads the cited source.
The total budget of the scheme is 2.25 billion RON, equivalent to about 450 million euros. For the first session, the allocated budget is 750 million RON.
The companies that have applied for funding operate in the following industries: pharmaceutical, aeronautics, automotive, food - animal feed and beverage manufacturing, chemical, chemical and construction materials.
The Ministry of Finance will analyze the funding applications in descending order on the basis of the score obtained, whose requested state aid falls within the budget allocated for the session (750 million RON). The maximum deadline for analysis is 60 working days calculated from the date of publication of the list on the website of the Ministry of Finance.
"I am glad to see the high appetite for the call for projects, as state aid schemes are not only a financial support, but also a catalyst for investments that generate new jobs, boost competitiveness and contribute to the balance of regional development. The Romanian economy needs such instruments to successfully navigate the transition to a modern, high value-added and sustainable economy. Through these measures, we are ensuring that Romania remains an attractive destination for investment, capable of consolidating its position in global value chains and protecting its strategic economic interests. I encourage those who will not get funding now to prepare for the next sessions, because, until the budget is exhausted they still have the opportunity to take advantage of this form of support. Moreover, we see that the Ministry of Finance proves to be a solid partner for entrepreneurs ready to move to the next level, proving that in 2024, under the state aid schemes, which are aimed at regional development (H.G. no. 807/2014 and H.G. no. 332/2014), 64 investment projects with a total value of 11 billion RON are underway, for which state aid amounting to 4 billion RON will be paid," said Finance minister Marcel Bolos, quoted in the press release.
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