Ministry of Public Finance STATE AID MEASURES FOR
Author : test | Published Date : 2025-06-23
Description: Ministry of Public Finance STATE AID MEASURES FOR SUPPORTING INVESTMENTS IN ROMANIA 2 2 The policy of the Ministry of Public Finance in the field of state aid supporting investment projects with important impact on the economy by creating
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Transcript:Ministry of Public Finance STATE AID MEASURES FOR:
Ministry of Public Finance STATE AID MEASURES FOR SUPPORTING INVESTMENTS IN ROMANIA 2 2 The policy of the Ministry of Public Finance in the field of state aid supporting investment projects with important impact on the economy by creating new jobs and increasing contributions of the funded enterprises to the state budget; ensuring the private sector development and the creation of an attractive investment environment for foreign and local investors; reducing financial and economic disparities between regions comparing to the EU standards; obtaining a multiplication effect in the economy by developing also other related investments as local products and services suppliers. Ministry of Public Finance 2 2 3 State aid types: Direct allocations from the state budget as grants related to eligible costs Eligible costs: tangible assets (buildings, equipments) intangible assets (copyrights, licences, know-how or unpatented tehnical knowledge, software) or labor costs for a 2 year period related to directly created jobs after implementing an investment Ministry of Public Finance The policy of the Ministry of Public Finance in the state aid field (2007 – 2014) 4 Ministry of Public Finance The policy of the Ministry of Public Finance in the state aid field (2007 – 2014) State aid recipients (2007 – 2014) Statistics (1) Agreement statistics: shares based on financed eligible expenditures Assets Expansion - diversification Greenfield Wage costs Agreement statistics: shares based on types of investment Statistics (2) Value of investment based on sphere of activity Value of state aid based on sphere of activity Statistics (3) Value of investment based on region of development Value of state aid based on region of development 9 Attracting sustainable investments; Creation of new jobs (suppliers/clients); Multiplying effect in the economy; Contribution to Romania’s import/export balance; Development of traditional industries; Industrial Know-how; Professional training for higher qualification; Standard of living improvements. The policy of the Ministry of Public Finance in the state aid field (2007 – 2014) - conclusions - Ministry of Public Finance 10 Objectives of the state aid schemes G.D. 332/2014 G.D. 807/2014 Regional development Making investments in fix assets of high tech in order to achieve products of big added value Creation of new jobs EFFECTS - reducing unemployment - reducing economic disparities between regions - recovery of the Romanian economy Ministry of Public Finance 11 Main elements of the state aid schemes Undertakings from all sectors, except the sectors provided in Annex 1 of each Government Decision
