Romania’s Government increases state aid scheme for big investments

Romania’s Government increased the available yearly budget for the state aid scheme aimed at supporting high-impact investments in the local economy. “The maximum yearly budget of this scheme was increased by 50%, to EUR 145 million, due to high interest from the business environment to make big impact investments,” the Government announced. State aid is the only mechanism to attract and support investments by big companies, with a high impact in the local economy, and oriented towards high-end sectors, according to the Government. The approved changes also include simpler and less bureaucratic procedures to grant the state aids. Romania's Finance Ministry grants state aid for nine investment projects editor@romania-insider.com