Transcript Romania - Financing Opportunities for Investors State Aid Schemes

Romania - Financing Opportunities for Investors
State Aid Schemes
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September 2014
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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
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 Transfer of know-how and state-of-the-art technologies
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Romania - State Aid Opportunities
• Impact of Romanian State Aid Schemes throughout 20072014
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.)
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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
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Romania - State Aid Opportunities
• State Aid Scheme for New Jobs Creation (GD no.332/2014)
Maximum intensities and state aid values
Region
Bucharest
West & Ilfov County
July 1, 2014 – Dec
Jan 1, 2018 – Dec 31,
15%
10%
max. Euro 11.25
max. Euro 7.5
35%
max. Euro 26.25 million
North-West, Center, North-East,
South-West
50%
max. Euro 37.5 million
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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
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Romania - State Aid Opportunities
• State Aid Scheme for Large Investments
Maximum intensities and state aid values
Region
Bucharest
West & Ilfov County
2014 –2017
2018-2020
15%
10%
max. Euro 11.25
max. Euro 7.5
35%
max. Euro 26.25 million
North-West, Center, North-East,
South-West
50%
max. Euro 37.5 million
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