subventions romania 2014 2020 state aid scheme

2.  State aid scheme aims regional
development by making 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.

3. 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.

4.  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.

5.  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.

6.  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.

7.  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 haven’t 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.

8. 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.

9. 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.

10.  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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