Decision no. 797 of 31 July 2012 establishing a scheme of State aid for investments

The Decision no. 797 of 31 July 2012 establishing a scheme of State aid for investments that promote regional development by using new technologies and create jobs was adopted.

The validity period of the scheme during it can be issued funding agreements is 2 years, from 2012 to 2013. Total maximum budget of the scheme is 440 million Lei, equivalent to 100 million Euro, with the possibility of supplementing.

The estimated total number of companies to receive state aid based on the scheme is 10, the average annual number of beneficiary enterprises being of 5.

Among the essential eligibility criteria are: the investments must be innovative or investments that include a 20% ICT component of the investment plan, the investment should lead to the creation of at least 200 jobs. The company is required to maintain the jobs created for a period of at least 5 years from the date of the first payment of the state aid for each job created.

The maximum level of the state aid that may be granted within the scheme is of 28.125 million Euro, if it creates jobs following the completion of an initial investment in any region, except Bucharest - Ilfov development region. For the investment in Bucharest - Ilfov developing region, the maximum state aid amounts to 22.500 million Euro. 

The eligible CAEN codes for the state aid are:

• Manufacturing Industry except: manufacture of beverages and tobacco products
• Production and supply of electricity, gas, hot water, air conditioning
• Activities of software editing
• Telecommunications
• Activities and services in information technology
• Information service activities
• Research and development

For detailed information please consult the section legislation / laws to stimulate investments. (only in Romanian)