“The government allocated EUR325 milion for 2020, more than double the average annual budget regulated though the state aid legislation. 2020 is the last year of the current non-repayable funding cycle (2014-2020) of the asset investment projects worth at least EUR1 milion via state aid,” says Iulian Sorescu, partner with law firm Noerr Finance & Tax.
This state aid scheme is used to provided grants for new construction, rental of existing buildings, technology, new machinery and equipment purchases, as well license, patent and other intellectual property rights purchases. The large companies that got state aid via the 807/2014 scheme include Bosch Automotive, Automobile Dacia, Arctic, Teraplast, Wetterbest, Romaqua and Maspex Romania.
(English version by Loredana Fratila-Cristescu)