Selection of investments with major impact on Romanian economy enters final stage

Newsroom 29/08/2016 | 15:27

The selection of investments with a major impact on the Romanian economy has reached the final stage. The evaluation of projects subscribed in the support scheme for job creation is currently ongoing.

The selection process of requests for financing agreement requests submitted within the state aid framework has ended. The scheme was created to boost investments with a major impact on the economy.

Between July 11 and 22 August 2016, the Ministry of Public Finance (MFP) received 36 financing agreement requests with an overall value of RON 5,47 billion. The total state aid requested stood at RON 1,98 billion, more than the total budget allocated for the session, which was RON 638 million.

Out of the 36 investment projects, six, with a total value of RON 2,28 billion were selected. The state aid requested went up to RON 621.5 million. The six financing agreement requests will be analyzed within 45 days since the list was published.

The projects will be analyzed according to the evaluation criteria provided by the Government Decision 807/2014: the value of investment, the type of the initial investment, the location, the rentability of the turnover, in the case of companies that are active, the value of the subscribed and paid capital, in the case of newly-established companies.

A total of 22 requests were submitted for the selection session for projects boosting job creation between August 8-22. They have the potential to create 3,653 jobs in different regions of Romania.

Georgeta Gheorghe

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