Romanian Govt. supports local companies to promote themselves abroad

Romania’s Government will grant some EUR 26.5 million to local companies that want to promote themselves abroad and access new export markets. The state aid will be non-refundable and will cover a part of the expenses for local companies that want to participate to international fairs and exhibitions as well as economic missions abroad, and market studies. The Government aims to support some 4,000 companies through this state aid scheme by the end of 2018. This support scheme has been proposed by the Ministry of Economy as part of its program to develop exports. The Government approved this project on Thursday, March 10. Romania’s Finance Ministry wants to allot more money for state aid schemes editor@romania-insider.com