The budget is divided as follows: commitment appropriations for issuing financing agreements for the 2021 – 2025 period ad budget loans for the payment of state aid for the 2022 – 2030 period.
“The purpose of the present decision is to establish a state aid scheme (…) targeting the regional development by carrying out initial investments for new economic activities whose eligible costs are worth at least RON500 million, which consist in establishing new units or diversifying the activity of units in the economic sectors stipulated in annex no. 1.”
The payment of the state aid is made during the 2022 – 2030 period, on the basis of financing agreements issued, within the limit of the annual budget earmarked for the state aid scheme.
The finance ministry has carried out seven state aid schemes, from 2007 until present, by issuing financing agreements worth over EUR1.2 billion with a view to sustaining investment projects worth over EUR2.8 billion which generated some 33,000 new jobs, per data released by the ministry.