The decision to boost the budget came after 193 companies in Romania have applied this summer for state aid via the state aid scheme no. 807/2014 targeting investments above RON1 million, as per finance ministry data.
Between June 15 and July 26, 2022, the ministry carried out a session for the registration of financing agreement applications for investments above EUR1 million. The session had a budget of at least RON700 million, with the possibility of being increased. The session was highly appealing to investors which submitted 193 financing applications, according to finance ministry representatives.
Overall, investments worth RON3.2 billion are estimated for this session.
The state aid scheme no. 807/2014 was created on the basis of European Regulation no. 651/2014. The budget of the state aid scheme for what is left of 2022 and 2023 reaches a combined RON1.8 billion and has now been increased by RON1 billion.