The Ministry of Finance has published a draft Decision for amending and supplementing the Government Decision (GD) no. 807/2014 for the establishment of State aid schemes aimed at stimulating investment with a major impact on the economy.
The State aid scheme established by GD no. 807/2014 focuses on financing, in the form of non-reimbursable sums, of the costs associated with the tangible and intangible assets related to the initial investment. The annual budget is 638 MRON (approximately 145 MEUR).
Here are the main proposed amendments:
- Decreasing the minimum investment threshold to 13.5 MRON (approximately 3 MEUR, down from 10 MEUR, in the previous form);
- The investment may be started after the submission of the Application (as opposed to the previous form, where it could be started after receiving the Financing Agreement);
- The concept of similar investment closure is to be replaced by “relocation to the establishment where the initial investment is to take place”;
- There are no more submission sessions, and, instead, there is continuous submission. The previous scoring method is to be repealed. Therefore, inclusion in the budget shall be on a first-come, first-served basis.
The draft Decision amending and supplementing GD no. 807/2014 is to be adopted and published in its final form in the near future.
The State aid scheme established by GD no. 807/2014 focuses on financing, in the form of non-reimbursable sums, of the costs associated with the tangible and intangible assets related to the initial investment. The annual budget is 638 MRON (approximately 145 MEUR).
Here are the main proposed amendments:
- Decreasing the minimum investment threshold to 13.5 MRON (approximately 3 MEUR, down from 10 MEUR, in the previous form);
- The investment may be started after the submission of the Application (as opposed to the previous form, where it could be started after receiving the Financing Agreement);
- The concept of similar investment closure is to be replaced by “relocation to the establishment where the initial investment is to take place”;
- There are no more submission sessions, and, instead, there is continuous submission. The previous scoring method is to be repealed. Therefore, inclusion in the budget shall be on a first-come, first-served basis.
The draft Decision amending and supplementing GD no. 807/2014 is to be adopted and published in its final form in the near future.
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