Romania issued EUR 1.3 bln in state aid between 2019-2023, most to foreign companies

Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry.

According to the analysis, funding was allocated over five distinct financing programs designed to support businesses of all sizes and sectors. These funds facilitated growth and innovation in Romania's economy, attracting foreign investors as well.