Over 7.34 billion RON has been invested in key sectors of the Romanian economy and more than 25,000 new jobs have been created in the 9 years since the start of the state aid scheme for stimulating investments with a major impact on the economy, the Ministry of Finance announced on Thursday."The purpose of this Government's initiative was to stimulate the sectors that are fundamental for sustainable development and increasing international competitiveness. The results of the initiative were remarkable: we are talking about a state aid scheme that had a significant impact on the development and resilience of the economy. assisted in the increase of production in numerous sectors, technological development and the creation of new jobs. In the future, we are committed to continue with other similar initiatives to support the vital sectors of the economy," said minister Marcel Bolos.The institution has completed the analysis of the requests for agreement for financing submitted on the basis of Government Decision no. 807/2014 for the establishment of state aid schemes with the objective of stimulating investments with a major impact on the economy, and the total budget allocated to the scheme has been exhausted.Thus, in more than 9 years since the start of the state aid scheme, 174 investment projects received grants from the state budget, for eligible expenses of the nature of tangible and intangible assets, as well as those related to the rental of buildings afferent to the initial investment.The main sectors of activity supported with state aid were: the automotive industry, the household electrical products industry, the aeronautical industry, the food industry, the construction materials industry, the production of machines and equipment, medical services, tourism.The Ministry of Finance specifies that of the total investment projects supported with state aid, 47% are implemented by companies with Romanian capital, and 53% by companies with foreign capital.
The Petrotel Lukoil refinery in Ploiești, in Romania’s Prahova county, will shut down completely for 45 days for a scheduled general overhaul, the company announced on Thursday, October 16. The maintenance work will take place between October 17 and November 30 and will cover both technological installations and auxiliary units,
Via Danubiana, an ecotourism trail following the Romanian stretch of the Danube River, reached a new stage earlier this month with the installation of its first milestone in Teleorman County. The marker, set up in the commune of Islaz, is the fourth along the route and part of efforts to link riverside communities through nature […]
The German STIHL Group has officially inaugurated its first production facility dedicated exclusively to battery-powered equipment in Oradea, western Romania, on Wednesday, October 15, after an EUR 125 million investment. Construction began in March 2024 and was completed in less than 18 months. The factory will gradually increase its production capacity, reaching an annual volume of […]
Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called...
Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
