The projects approved will create 882 new jobs and have an overall value of RON379.1 million. The projects will contribute RON175.4 million to regional development in additional taxes, the finance ministry said.
The beneficiaries of state aid are Coskunoz Ma, Maspex Romania SRL (two projects), Mennekes Electric SRL, Heraeus Romania S.R.L, Electroprecizia Electrical Motors, CIA Aboliv S.A, Nymphaea Resorts SRL, Rossini Sleeve Technologies.
Coskunoz MA targets a new production location for the manufacturing of car parts and was granted state aid of RON39.2 million.
Maspex Romania will expand its activity with two juice production lines for which it was granted RON23 million. A second project that was granted RON22.5 million state aid targets the expansion of the company’s mineral water bottling operations.
Mennekes Electric targets a greenfield investment to manufacture charging chords for electrical vehicles and was granted RON17.6 million state aid.
Heraeus Romania seeks to expand its circuit board manufacturing capacity and was granted RON9.3 million.
Electroprecizia Electrical Motors seeks to enhance production capabilities and was granted RON7.5 million.
CIA Aboliv seeks to enlarge production capabilities to meet domestic demand for raw-dried meat products and was granted RON3.8 million.
Nymphaea Resorts plans to build a four-star hotel in Oradea and was granted RON22.1 million state aid.
Rossini Sleeve Technologies targets to expand production capabilities for fiberglass and composite sleeves for flexible packaging and was granted RON6.1 million.
The state aid scheme targets regional investment by stimulating investments with significant impact in the local economy and has a budget of RON1.6 billion this year, which would finance projects totaling over RON4 billion.