STATE AID

TO STIMULATE INVESTMENTS
with major impact on the economy

STATE AID
State aid scheme aimsregional
developmentbymaking initial
investmentsin fixed assets of high
technology to achieve productswith 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.

STATE AID
The maximum budgetfor the scheme
is2,700 million Ron,equivalent to600
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.

STATE AID
Maximum annual budgetof the scheme
is450 million Ron,equivalent to
approximate100million Euro,as it will be
determined by the annual budget laws.
Financing agreementsmay be issuedunder
the scheme tillDecember31,2020,respecting
state aid law.
State assistance paymentsshall be made
between2015 and 2023,based on
agreementsfor funding issued within the annual
budget allocated to the scheme.

STATE AID

Who can apply for funding under the state

scheme?

Companies which may request state aid under

this scheme are
recentlyestablishedcompaniesor ongoing
activity companies, both SMEsandlarge
enterprises,withlegal
personalityestablished under theCompanies
Act no.31/1990,republished,subsequent
amendments.

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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
assetsandexpenseslinked torenting
constructionrelated to the initial investment achievement.
There are considered ineligible expenses,costs without VAT
linked to implementing or acquisition, where
appropriate, the tangible and intangible
assetsandexpensesrelated to renting
constructionthat do not qualify as eligible
expenses.Ineligible costsare not funded by state aid.

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What

are the eligibility criteria of companies?

Companiesmust meet all the followingconditions:
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 efficiencycompany 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, reorganizationjudicial
dissolution operational closure, and liquidation or activity temporarysuspension;
g) They are not subject to decisions recovery of State aid or ifsuch decisions were issued
they were executed accordingto legal provisions in force;
h) They did not benefit from other regional state aid for eligible costsof 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 thetime of
application registration, they have no concrete plans to close such anactivity over a period
of 2 years after completion of the region concerned, of the initial investment.

1.

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 tostart-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 previouslyapplication registration of the
financing agreement for another registered companyunder
Companies Act no.31/1990, republished, as amended
andsupplemented, carrying or has carried out its activity for
applying for funding.

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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 conditionsand
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.

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
planinvestment and approved by the
agreement for funding, within the limit of
the annual budgetapproved.

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