STATE AID
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Competition Council: Romania Must Notify EC Of State Aid For 1,000 MW Hydro Project
The Romanian Government will have to notify the European Commission of the state aid for the construction of a 1,000-megawatt hydropower plant in Tarnita-Lapustesti, worth over EUR1 billion,...
Government Approves RON2.7B State Aid Scheme
Romania's government on Wednesday approved a RON2.7 billion (EUR600 million) state aid scheme to benefit companies by 2020.
Government Launches State Aid Scheme To Benefit 150 Companies By 2020
The Romanian government will launch a state aid scheme for businesses, valid until 2020, with a total budget of RON2.7 billion (EUR600 million) to finance tangible and intangible asset costs...
AdePlast Gives Up EUR20M Plant Project And State Aid
Building material producer AdePlast, controlled by businessman Marcel Barbut, renounced the EUR7.3 million state aid it got last year for the construction of a stone wool plant, an investmen...
Companies Paying Lower Green Certificate Quotas Forced To Keep Any Layoffs To Under 25% Of Staff
Companies receiving state aid in the form of lower green certificate quotas are forced to keep layoffs to less than 25% of the staff registered at the time they become eligible for the state...
Alro And ArcelorMittal Sacked Off 21,000 Staff Since Privatization
ArcelorMittal Galati and Alro slashed their headcount by 74% and 33%, respectively, since privatization until 2013, with over 21,000 people losing their jobs. However, they are set to benefi...
Italy’s Maschio Gaspardo Gets EUR4.7M From Romanian State To Expand Plant
Italian-held Maschio Gaspardo, the largest producer of farm machinery in Romania, is to get state aid worth EUR4.7 million, representing 49% of the value of investments at its plant of Chisi...
Siemens And Ness Get State Aid To Create 420 Jobs
German industrial giant Siemens and Israeli IT service provider Ness Technologies will get almost EUR11 million state aid to create more than 400 jobs in research and development centers in...
Companies Get EUR684M State Aid Between 2008-2014
The value of state aid granted to 55 companies reached EUR684 million between 2008 and 2014, out of which EUR259.2 million were already paid, Livia Stan, general manager in the Romanian Fina...