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The Government will offer state aid schemes to companies that invest over 30 million EUR and create at least 300 jobs. According to a Government decision signed on Wednesday, state aid will be granted for start-up investments. "The aid scheme does not apply to companies that already have problems or against which a decision to recover state aid has been issued already, if the decision has not been executed yet," governmental representatives said.
"For the investments with eligible costs below 50 million EUR, the gross disbursement of state aid cannot exceed 50% of the start-investment or the cost of salaries paid to newly employed staff over two years," a press release indicates.
The maximum value of state aid is 22.5 million EUR in the Bucharest - Ilfov region and 28.12 million EUR in the other regions. The state aid scheme is valid between 2009 and 2013 and has a total budget of 1 billion EUR, the Government announced. The European Commission will be informed within 20 days from the approval of the scheme. This form of aid is excepted from the obligation to formally notify the Commission.
FOR MAJOR INVESTMENT PROJECTS, WITH ELIGIBLE COSTS IN EXCESS OF 50 MILLION EUR IN RON EQUIVALENT, THE GROSS DISBURSEMENT OF STATE AID IS TO BE CALCULATED BY ADJUSTING THE REGIONAL CEILING ACCORDING TO THE VALUE OF THE ELIGIBLE COSTS AS FOLLOWS: FOR ELIGIBLE COSTS BELOW 50 MILLION EUR, THE REGIONAL CEILING APPLIES; FOR ELIGIBLE COSTS BETWEEN 50 MILLION EUR AND 100 MILLION EUR, 50% OF THE REGIONAL CEILING APPLIES; FOR TRANCHES OF THE ELIGIBLE COSTS THAT EXCEED 100 MILLION EUR, 34% OF THE REGIONAL CEILING APPLIES.
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