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€ 200m state-aid funding in 2016 for major investments and for job creation on the Romanian market

The Romanian Ministry of Finance will re- open the 2 major State Aid Schemes (SAS) it currently runs for the private sector, with EUR 200m allocated for 2016:

1.State Aid Scheme for major investments in purchase of assets – This scheme has a total budget of EUR 600m, with a yearly allocation of EUR 100m until 2020 (with possibility of further extensions). The filing of application is open until the cumulated volume of the funding application submitted will reach the value of the allocated budget. With funding volumes of up to EUR 37.5m and intensities of up to 50%, this new scheme addresses enterprises from most economic sectors planning investments of minimum EUR 10min the purchase of tangible and intangible assets (including constructions) Please find more details about this scheme, as well as a detailed presentation of all the funding conditions here →

2.State Aid Scheme for jobs creation – This scheme has a total budget of EUR 600m, with a yearly allocation of EUR 100m until 2020 (with possibility of further extensions). With 2 submission sessions planned in the first half of 2016, this scheme offers funding volumes of up to EUR 37.5m and intensities of up to 50%, subsidizing, the total gross salary costs with the new jobs created, for a period of 2 consecutive years. Please find more details about this scheme, as well as a detailed presentation of all the funding conditions here →

Both SMEs and Large Enterprises are eligible for these state aid schemes.

At Winnovart, we are specialized in providing corporate finance solutions with focus on funding, grants & incentive programmes available for the private sector. Should this new funding programme be interesting for you, please let us know. We are happy to provide further details or information on how to get access to it.

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