The bill states payment under the scheme would be made between 2015 and 2023.
To benefit from this scheme, a company must initially invest at least RON44 million (EUR10 million) in building a new unit, expanding an existing unit, diversifying production range or a fundamental change in the general production process of an existing unit.
An initial variant of the aid scheme called for initial investments of at least RON88 million (EUR20 million).
The aid scheme targets to stimulate only investments with a major impact on the economy and the Finance Ministry estimates around 150 businesses will benefit from financing, which will be limited at RON450 million (around EUR100 million) a year.
Tangible assets in an initial investment consist of constructions and construction costs, technical installations, new equipment, while intangible assets consist of patents, licenses, know-how and other intellectual property rights.
The Finance Ministry has run five state aid schemes since 2007, targeting SMEs, large regional development investments, and issued financing agreements of EUR738 million for investment projects of more than EUR2.4 billion, which generated around 23,000 new jobs.