State aid for 1 billion Euro investing companies

Romanian Government adopted in 10th of December 2008 a decision regarding the implementation of a state aid scheme addressed to companies which are doing investments above 30 millions Euros and generate over 300 jobs.

The maximum value of the state aid can be 22,5 millions Euro in Bucharest - Ilfov Region and 28,125 Millions de Euro in the other Romanian regions.

For investments lower then 50 millions Euro as eligible costs, the state aid cannot exceed 50% from the value of the initial investment or from the salary costs for a two years period regarding the new employed personnel.

For bigger projects, exceeding 50 millions Euro, the state aid considers the maximum value (the maximum value of the state aid can be 22,5 millions Euro in Bucharest - Ilfov Region and 28,125 millions Euro in the other Romanian regions.). For investments with eligible costs 50-100 millions Euro it applies 50% of the maximum value. For investments exceeding 100 millions Euro it applies 34% of the maximum value.

This decision does not apply to companies "with problems". The Ministry of Economy and Finance will assure the financing.

This state aid scheme will be valid for 5 years, in the period 2009-2013.