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Romania: State Aid Call for Submission of Applications under Government Decision 959/2022 Will Open on 1 November

Romania: State Aid Call for Submission of Applications Will Open on 15 June

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The Ministry of Economy has officially announced the opening of the call for submission of applications under the state aid scheme regulated by Government Decision no. GD 959/2022 for financing assets and/or salary costs. The period for submitting financing requests is scheduled between 1 November 2022 to 16 December 2022, when investors may file the relevant documentation.

The available budget for the scheme is EUR 300 million, with an estimated annual budget of EUR 150 million.

The current state aid scheme was launched earlier this year by the Ministry of Economy, with the main purpose of supporting regional development through investments. The grant received from the Romanian state may finance up to 75% of the investment value, depending on the region of implementation and applicant size.

By Iulian Sorescu, Partnerand Sebastian Popescu, Counsel, Noerr  

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