subventions romania 2014 2020 state aid scheme

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STATE AID TO STIMULATE INVESTMENTSwith major
impact on the economy
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STATE AID

• State aid scheme aims regional development by maki
  ng initial investments in fixed assets of high
  technology to achieve products with a high added
  value, regardless of the size of the recipient.
• State aid scheme is included in the Program
  "State aid to finance investment projects" within
  the budget of the Ministry of Finance General
  Actions.

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STATE AID

• The maximum budget for the scheme is 2,700
  million Ron, equivalent to 600 million Euro, to
  supplement as follows
• a) Commitment to the issue of financing
  agreements for the period 2014-2020
• b) Appropriations for payment of state aid
  approved under agreements to financing issued for
  the period 2015-2023.

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STATE AID

• Maximum annual budget of the scheme is 450
  million Ron, equivalent to approximate 100 million
  Euro, as it will be determined by the annual
  budget laws.
• Financing agreements may be issued under the
  scheme till December 31, 2020, respecting state
  aid law.
• State assistance payments shall be made
  between 2015 and 2023, based on agreements for
  funding issued within the annual budget allocated
  to the scheme.

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STATE AID

• Who can apply for funding under the state scheme?
•  
• Companies which may request state aid under this
  scheme are recently established companies or
  ongoing activity companies, both SMEs and large
  enterprises, with legal personality established
  under the Companies Act no. 31/1990, republished,
   subsequent amendments.

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STATE AID

• What are the eligible and non-eligible expenses
  related to the initial investment?
• There are considered eligible expenses, costs
  without VAT linked to implementing or
  acquisition, where appropriate, the tangible and
  intangible assets and expenses linked to renting
  construction related to the initial investment
  achievement.
• There are considered ineligible expenses, costs
  without VAT linked to implementing or
  acquisition, where appropriate, the tangible and
  intangible assets and expenses related to renting
  construction that do not qualify as eligible
  expenses. Ineligible costs are not funded by
  state aid.

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STATE AID

• What are the eligibility criteria of companies?
• Companies must meet all the following conditions
• 1. General
• a) They are registered under Companies Act
  no. 31/1990, republished, subsequent amendments
• b) They make an initial investment in Romania in
  the areas of eligible activity
• c) They prove the viability of the project
  investment and economic efficiency company based
  on the Investment Plan and Business Plan
• d) They do not record debts to the budgets of the
  consolidated general budget
• e) They do not qualify as "companies in
  difficulty"
• f) They are not in enforcement proceedings,
  insolvency, bankruptcy, reorganization judicial
  dissolution operational closure, and liquidation
  or activity temporary suspension
• g) They are not subject to decisions recovery of
  State aid or if such decisions were issued they
  were executed according to legal provisions in
  force
• h) They did not benefit from other regional state
  aid for eligible costs of labor costs in the same
  single investment project
• i) They havent closed the same or similar
  activity in the European Economic Area in the
  last 2 years prior to the application
  registration of the financing agreement and at
  the time of application registration, they have
  no concrete plans to close such an activity over
  a period of 2 years after completion of the
  region concerned, of the initial investment.
•  

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STATE AID

• 2. In addition to companies with at least one
  financial year ended
• j) Have profitability turnover greater than zero
  in the last year
• k) Have positive equity in the last financial
  year ended
• 3. In addition to start-ups companies
• l) They were paid share capital amounting to at
  least 100,000 Ron
• m) They do not belong to shareholders who hold or
  have held in the past two years
  previously application registration of the
  financing agreement for another registered
  company under Companies Act no. 31/1990,
  republished, as amended and supplemented,
  carrying or has carried out its activity for
  applying for funding.

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STATE AID

• STAGES OF THE EVALUATION PROCESS APPLICATION
  PROCESS FOR FINANCING AGREEMENT
• Assessment Application for funding agreement is
  achieved in a single step, which
• Includes
• Application Registration for funding agreement,
• Application Assessment for funding agreement in
  terms of submitted documents compliance,
• Application Assessment for funding agreement in
  terms of the conditions and eligibility criteria,
• Viability Assessment of the project investment
  and economic efficiency of the enterprise on the
  information and documents submitted in the
  business plan,
• Information and / or documents request to
  complete the application for funding agreement,
  if any,
• Application solving of the financing agreement,
• Sending mail with acknowledgement of receipt
  for funding agreement or for rejecting letter of
  request for funding agreement, as applicable.

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STATE AID

• State aid is paid to companies that have received
  funding agreement, after performing partial or
  total eligible expenditure of initial investment
  under the plan investment and approved by the
  agreement for funding, within the limit of the
  annual budget approved.

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STATE AID

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