subventions romania 2014 2020 state aid scheme
TRANSCRIPT
STATE AID TO STIMULATE INVESTMENTS
with major impact on the economy
State aid scheme aims regional development by making initial investments in fixed assets of high technology to achieve products with a high added value, regardless of the size of the recipient.
State aid scheme is included in the Program "State aid to finance investment projects" within the budget of the Ministry of Finance – General Actions.
STATE AID
The maximum budget for the scheme is 2,700 million Ron, equivalent to 600 million Euro, to supplement as follows:
a) Commitment to the issue of financing agreements for the period 2014-2020;
b) Appropriations for payment of state aid approved under agreements to financing issued for the period 2015-2023.
STATE AID
Maximum annual budget of the scheme is 450 million Ron, equivalent to approximate 100 million Euro, as it will be determined by the annual budget laws.
Financing agreements may be issued under the scheme till December 31, 2020, respecting state aid law.
State assistance payments shall be made between 2015 and 2023, based on agreements for funding issued within the annual budget allocated to the scheme.
STATE AID
Who can apply for funding under the state scheme?
Companies which may request state aid under
this scheme are recently established companies or ongoing activity companies, both SMEs and large enterprises, with legal personality established under the Companies Act no. 31/1990, republished, subsequent amendments.
STATE AID
What are the eligible and non-eligible expenses related to the initial investment?
There are considered eligible expenses, costs without VAT linked to implementing or acquisition, where appropriate, the tangible and intangible assets and expenses linked to renting construction related to the initial investment achievement.
There are considered ineligible expenses, costs without VAT linked to implementing or acquisition, where appropriate, the tangible and intangible assets and expenses related to renting construction that do not qualify as eligible expenses. Ineligible costs are not funded by state aid.
STATE AID
What are the eligibility criteria of companies?Companies must meet all the following conditions:
1. Generala) They are registered under Companies Act no. 31/1990, republished, subsequent
amendments;b) They make an initial investment in Romania in the areas of eligible activity;c) They prove the viability of the project investment and economic efficiency company
based on the Investment Plan and Business Plan;d) They do not record debts to the budgets of the consolidated general budget;e) They do not qualify as "companies in difficulty";f) They are not in enforcement proceedings, insolvency, bankruptcy, reorganization judicial
dissolution operational closure, and liquidation or activity temporary suspension;g) They are not subject to decisions recovery of State aid or if such decisions were issued
they were executed according to legal provisions in force;h) They did not benefit from other regional state aid for eligible costs of labor costs in the
same single investment project;i) They haven’t closed the same or similar activity in the European Economic Area in the
last 2 years prior to the application registration of the financing agreement and at the time of application registration, they have no concrete plans to close such an activity over a period of 2 years after completion of the region concerned, of the initial investment.
STATE AID
2. In addition to companies with at least one financial year ended
j) Have profitability turnover greater than zero in the last yeark) Have positive equity in the last financial year ended
3. In addition to start-ups companiesl) They were paid share capital amounting to at least 100,000
Ron;m) They do not belong to shareholders who hold or have held in
the past two years previously application registration of the financing agreement for another registered company under Companies Act no. 31/1990, republished, as amended and supplemented, carrying or has carried out its activity for applying for funding.
STATE AID
STAGES OF THE EVALUATION PROCESS APPLICATION PROCESS FOR FINANCING AGREEMENT
Assessment Application for funding agreement is achieved in a single step, which
Includes:
• Application Registration for funding agreement,• Application Assessment for funding agreement in terms of submitted
documents compliance,• Application Assessment for funding agreement in terms of the conditions and
eligibility criteria,• Viability Assessment of the project investment and economic efficiency of the
enterprise on the information and documents submitted in the business plan,• Information and / or documents request to complete the application for
funding agreement, if any,• Application solving of the financing agreement,• Sending mail with acknowledgement of receipt for funding agreement or for
rejecting letter of request for funding agreement, as applicable.
STATE AID
State aid is paid to companies that have received funding agreement, after performing partial or total eligible expenditure of initial investment under the plan investment and approved by the agreement for funding, within the limit of the annual budget approved.
STATE AID
