STATE AID
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New State Aid Scheme For Companies In Romania
The Romanian state is set to cover part of salary expenses for around 1,500 companies that should create a total of 30,000 new jobs within a seven-year period, with the budget of the new sta...
Global Safety Textiles Invests EUR46M In Airbag Plant Near Sighisoara
Airbag manufacturer Global Safety Textiles, which has a plant in Sighisoara (central Romania), will receive state aid of EUR18.5 million for a EUR46 million investment in a new production fa...
Romania To Grant RON174M State Aid In 2014 For Coal Mine Closure Scheme
The Romanian government Tuesday said it plans to disburse a new 174 million lei (EUR39 million) subsidy in 2014 for the state-run mine closing company Societatea Nationala de Inchideri Mine...
Romania Approved State Aid For EUR3B Investments Between 2007 And 2013
The Romanian Finance Ministry approved aid for 52 projects totaling investments of EUR3.08 billion between 2007 and 2013, out of which EUR727.19 million represented state support, the minist...
Microsoft, Dell and Deutsche Bank Get State Aid For Romania Investments
Deutsche Bank--which is developing a technology center for Eastern Europe in Bucharest that will employ 500--got a EUR15 million aid from the Romanian government in December to support a EUR...
AdePlast Pushes On With Basalt Fiber Plant Project, Borrows EUR7.1M From BCR
Romanian building materials producer AdePlast will continue a project to build a basalt fiber plant, for which it earmarked EUR5.2 million from its own revenue resources and contracted extra...
Daimler Gets EUR37.4M State Aid To Build Automatic Transmission Plant In C Romania
Star Assembly, held by German group Daimler, has received state aid of EUR37.4 million for the construction of an automatic transmission production facility in Sebes, in Romania’s central co...
Romania To Raise Budget For De Minimis Aid Scheme Supporting SMEs
Romania will increase the budget of a de minimis state aid scheme targeting small and medium-sized enterprises (SMEs) which make investments and create new jobs from 400 million lei (EUR89.8...
Draexlmaier To Fire Nearly 300 Employees In Pitesti, Still Plans To Hire 1,500 People In Romania
Dräxlmaier Pitesti, the German car part maker’s oldest plant in Romania, which makes cables for the auto industry, plans to lay off 8% of its staff, or 292 employees, 2% of all its employees...