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Romania - Financing Opportunities for Investors State Aid Schemes

Romania - Financing Opportunities for Investors State Aid Schemes. September 2014. Romania - State Aid Opportunities. State Aid Schemes – effective financing source for investment projects Romanian State committed to support up to 50% of the eligible expenses

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Romania - Financing Opportunities for Investors State Aid Schemes

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  1. Romania - Financing Opportunities for InvestorsState Aid Schemes September 2014

  2. Romania - State Aid Opportunities • State Aid Schemes – effective financing source for investment projects • Romanian State committed to support up to 50% of the eligible expenses • Maximum value reimbursed – approx. 37.5 million Euros • Objectives: • Consolidate Romania’s position in the EU as strategic investment hub • Decrease regional social and economic gaps in Romania • Create new jobs • Diversify / expand investment opportunities in underdeveloped areas • Support for strategic investments on the long run • Transfer of know-how and state-of-the-art technologies

  3. Romania - State Aid Opportunities • Impact of Romanian State Aid Schemes throughout 2007-2014 • 2.175 billion Euros initial budget • 691.85 million Euros in approved financing agreements • 19,000 new jobs created • 59 beneficiaries from strategic industries (automotive, manufacturing, IT&C, food industry, tourism, medical, airspace etc.)

  4. Romania - State Aid Opportunities Current Funds under the Romanian Ministry of Finance • State Aid Scheme for New Jobs Creation (GD no.332/2014) Investment Project Size • No minimum investment value • Minimum 20 new jobs within 3 years from investment completion date Investment Requirements • Initial investment • Applicant companies to be reimbursed throughout 2015-2025 • State commitment to cover part of 2 years’ salary expenses with new staff • Budget Euro 600 million July 1 2014 – Dec 31 2020 • No EU approval needed

  5. Romania - State Aid Opportunities • State Aid Scheme for New Jobs Creation (GD no.332/2014) Maximum intensities and state aid values

  6. Romania - State Aid Opportunities • State Aid Scheme for Large Investments Investment Project Size • Beneficiaries: large enterprises with foreign and domestic capital • Estimated number: 150 companies • Minimum investment threshold: EUR 10 million (value of both eligible and ineligible assets, w/o VAT) Investment Requirements • Initial investment: greenfield project or business relocated from outside the EU area (relocation from within the EU area is restricted) • Eligible costs: new constructions, leasing of existing constructions, tangible assets (technical equipment & machinery) and intangible assets (patents, licenses, know-how) • Applicant companies to be reimbursed throughout 2015-2023 • Budget for 2014 –2020: EUR 600 million • Yearly budget allocation: EUR 100 million • No EU approval needed

  7. Romania - State Aid Opportunities • State Aid Scheme for Large Investments Maximum intensities and state aid values

  8. Thank you. Business Expansion | Federal Public Affairs | Strategic Communications & Grassroots Mobilization State & Local Government Affairs | Emerging European Markets Atlanta • Charlotte • Charlottesville • Chicago • Columbia • Norfolk • Raleigh Springfield • Tyson’s Corner • Washington, D.C. | Bucharest, Romania www.mcguirewoodsconsulting.com

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