Small and medium-sized enterprises (SMEs) as well as large enterprises have until May 8 to apply for grants under the ConstructPLUS programme for establishing and/or developing production facilities for construction materials, the Ministry of Economy, Entrepreneurship and Tourism (MEAT) reported on Monday in a social media post."MEAT is opening registrations with the #ConstructPLUS programme! More specifically, starting today and throughout Wednesday, May 8, SMEs and large enterprises will be able to apply for grants in order to establish and/or develop production facilities for construction materials (...) When processing the applications for financing agreements and the documentation attached to them, financial statements for the years 2020 - 2022 will be taken into account. The obligation to disclose financial statements does not apply to newly financed enterprises, as defined in Article 3 (19) of OUG 68/2023. The applications for financing agreements, accompanied by the supporting documents, will be submitted the applicants to the MEAT Registry, with the following mention being required on the envelope: Directorate of Industrial Policies and Financing for Industry - O.U.G. nr. 68/2023."Grants under the programme are capped at RON 50 million euros, not exceeding 75% of the total eligible costs of the investment project or the intensity provided in the regional aid map authorised by the European Commission and approved at national level under HG 311/2022, as subsequently amended and supplemented.The budget allocated to the ConstructPlus programme for this year is the equivalent in lei (RON) of EUR 149 million.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
