Romanian government launches new state aid scheme for companies with a RON 614 million budget

Anca Alexe 29/08/2018 | 13:46

The Public Finance Ministry announced on Wednesday that starting Monday, September 10, new financing requests can be submitted through the 807/2014 state aid scheme, which aims to encourage major impact investments in the economy.

The requests must be accompanies by justifying documents and sent to the Finance Ministry’s General Registrar.

The budget allocated in 2018 for funds to be issued in 2019-2021 is RON 614 million, according to the Ministry. This budget is the first allocation in 2018 out of the unused state aid scheme budget, which totals RON 1.8 billion.

Financing requests are evaluated and settled in order of registration and within limits of the commitment and budgetary appropriations set out in annual budgetary legislation. If funds remain available after rejection letters are issued for some of the submissions the Ministry receives, other submitted requests will be evaluated in order of registration.

Weekly, the Finance Ministry will publish on its website the list of financing requests submitted along with their evaluation status (in evaluation, agreement issued, rejection issued, or pending).

Initially, the government had announced the state aid scheme would open on August 27, assuming that the budget revision would be adopted by that date, but the scheme was delayed.