Also, the budget may again be increased and the funds will be disbursed by the end of 2015, instead of 2016, the deadline set previously.
In May, the Government decided to grant de minimis state aid of up to EUR200,000/firm over a three-year period to small and medium-sized enterprises which make investments and create new jobs.
The aid will not exceed the equivalent in lei of EUR200,000 per firm, and EUR100,000 for firms operating in the road transport sector. The state will defray eligible expenses entirely.
Beneficiaries must meet several requirements, including to create five new jobs (for aid of up to EUR100,000) or seven new jobs (for aid ranging between EUR100,000 and EUR200,000) and keep them for at least three years.
Romania also granted de minimis aid for SMEs through a EUR100 million scheme in 2007-2011. (EUR1=RON4.4503)