Romanian Govt. may tighten terms for extending investment grants

The Romanian Ministry of Finance has published for public debate a document amending the state grants scheme 807/2014 for investments with a major impact on the economy.

Compared to the normative act in force, it is proposed, among others, the elimination of over 180 economic activities that are currently eligible for state grants. The term for the application analysis is increased from 60 working days to 120 working days.

"Nobody waits a year, and you can't start the work if you don't have approval because if you start the investment and the project is rejected, all the investment becomes ineligible, and the project cannot be resubmitted," experts quoted by Ziarul Financiar daily commented.

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