Romanian Govt. plans state aid for companies investing in transport and energy

Companies that invest in the transport and production and distribution of energy could benefit from state aid granted under the scheme for supporting investments that promote regional development by creating jobs, according to a draft government decision published on the Ministry of Finance’s website, cited by local Capital. The maximum budget for the state aid is of RON 2.7 billion, the equivalent of around EUR 600 million, with the possibility to supplement it. The maximum annual budget is of RON 450 million – the equivalent of some EUR 100 million. The duration of the scheme is 2014-2020 for the issuance of funding agreements and 2015-2025 for state aid payment. Irina Popescu, irina.popescu@romania-insider.com