Finance Minister Alexandru Nazare on Monday handed over two state aid financing agreements to Automobile Dacia SA and DRM Draxlmaier Romania Sisteme Electrice SRL, approved under the state aid scheme established by Government Decision No. 300/2024, aimed at stimulating regional development through major investments.According to a press release from the Ministry of Finance, the investment projects are expected to generate significant social and economic benefits, contributing to job creation and strengthening Romania's trade balance.DRM Draxlmaier Romania Sisteme Electrice SRL, a major global company and one of the largest employers in Romania's automotive sector, will expand its production capacity for electric vehicle wiring systems at its Satu Mare facility. The project, worth 297.2 million lei, with approved state aid of 133.7 million lei, will create more than 400 new jobs by 2030 and contribute 211 million lei to regional development through local and national taxes.The second approved project concerns Automobile Dacia SA, which will receive 37.5 million lei in financing for the modernization of its vehicle painting process ? an 85-million-lei investment. The company's contribution to regional development through taxes and duties is estimated at 18.7 million lei."Major state-supported investments in Romania's strategic sectors strengthen our economy and competitiveness, creating jobs in key industries. Through such partnerships, we support companies that bring added value, foster innovation, and ensure sustainable long-term growth. We plan to announce further strategic measures soon to boost investment and economic development, increasing Romania's attractiveness and creating new opportunities. Romania has enormous potential, which we can achieve with ambition and measures that restore confidence in our country," Minister Alexandru Nazare was quoted as saying.The Ministry of Finance launched the state aid scheme under GD No. 300/2024 to promote regional development by supporting major investment projects. Scheme 33/2024 is primarily aimed at improving Romania's trade balance, either by reducing imports or boosting exports.The scheme targets manufacturing enterprises undertaking initial investments in Romania, with eligible costs ranging from a minimum of 50 million lei to a maximum of 500 million lei. Projects must be completed within three years and use new tangible and intangible assets.The state aid covers part of the costs for: construction of new facilities; acquisition of equipment; acquisition of intangible assets.The scheme has a total budget of nearly 2.25 billion lei (about 450 million euros). Financing agreements can be issued until December 31, 2026, with payments scheduled between 2025 and 2032.Applications must be submitted online during pre-announced sessions. Projects are evaluated and ranked according to a scoring system, with those within the session's budget undergoing detailed assessment.The first application round was held between July 29 and September 9, 2024, with an allocated budget of 1.5 billion lei. A total of 45 applications were submitted, representing investments of around 8 billion lei. To date, 10 financing agreements have been signed, with total investment value of 2.59 billion lei and approved state aid of 1.146 billion lei."These funding initiatives highlight the Ministry of Finance's commitment to supporting Romania's economy and stimulating investments that drive competitiveness and generate long-term employment," the ministry's release stated.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
