The Romanian Government recently OK-ed the state aid scheme for companies, valid until 2020, and with a EUR 600 million budget. The aid will cover tangible and intangible asset costs for the initial investment, with payment due between 2015 and 2023.

To get the state aid, companies have to make an initial investment of at least EUR 10 million in a new unit, expanding the capacity of a unit or diversifying production, according to Mediafax.

The minimum investment was lowered from a previous proposal of EUR 20 million. Companies that get state aid must have been profitable in the last financial period, and the Public Finance Ministry estimates 150 companies will benefit from aid.

editor@romania-insider.com