state aid romania - ajutor de stat romania HG 1680/2008 for foreign investment

State aid scheme ensuring sustainable economic development

(Government Decision no. 1680/2008, subsequently amended)

the state aid scheme applies to the following 4 investment categories:
initial investments between Euro 5 and 10 million and creating 50 jobs minimum;
initial investments exceeding Euro 10 million and creating 100 new jobs minimum;
initial investments exceeding Euro 20 million and creating 200 new jobs minimum;
initial investments exceeding Euro 30 million and creating 300 new jobs minimum;

maximum aid ceiling / economic operator: - Euro 22.5 million (RON equivalent), for investments carried out and new jobs created in the development region no. 8, Bucharest-Ilfov;

Euro 28.125 million (RON equivalent), for investments carried out and new jobs created as a result of initial investment in any of the other 7 development regions in Romania.

beneficiary’s financial contribution: at least 50% of the eligible expenses; the form of this contribution must not fall under any other public aid.

maximum total budget / scheme: Euro 1 billion (RON equivalent) / 5 years (2009-2013); anual average budget: Euro 200 million, not exceeding annual budget ceilings

approved for the period of 5 years

duration of the scheme: 2009-2013

provider: Romanian Ministry of Public Finance

total number of companies estimated to be granted state aid under the
scheme: 150; average number of beneficiaries / year: 30