Manuela Furdui, the managing partner of FiNEXPERT, says that Romania has attracted foreign investments through state aid schemes in the past few years, but at this moment there is an issue with the approval of fresh funding.
“We had a lot of meetings with potential investors and we can confirm for sure that state aid was and is one of the advantages and one of the reasons why they are looking at Romania.
I had more than 20 meetings with potential investors, with more than EUR 10 million investments, and we don’t have any solution for them.
For this year for sure we missed this investment because they can’t wait and I can’t give them an answer,” said Furdui during the first day of the Foreign Investors Summit, the 3-day event organized by Business Review.
Furdui was referring to delays in the state aid scheme based on the Government Decision 807/2014, which applies for investments larger than EUR 10 million. There is another state aid support mechanism based on the GD 332/2014 that supports the creation of jobs.
While the GD 807 scheme has an annual budget of EUR 145 million per year, the funding under 332 stands at EUR 100 million per year.
Meanwhile, Raluca Popa, advisor at the Ministry for Business Environment, said the government predicts the scheme 807 will open at the beginning of next year.