FINANCING

Non-repayable financing of at least 1,000,000 euros for investments with a major impact on the economy. Non-repayable financing: maximum 50% (depending on the region).

• Bucharest Region: max. € 7,500,000;

• Western Region and Ilfov: max. € 26,250,000;

• Other regions: max. € 37,500,000.

APPLICANT ELIGIBILITY

(1) Companies meeting cumulatively, at the date of registration of the funding agreement request, the following eligibility criteria can benefit from state aid under the scheme:

a) are registered according to Law no. 31/1990 on companies, republished, with subsequent modifications and completions;

b) make an initial investment in Romania, in one of the sectors provided in annex no. 1;

c) do not fall into the category of “enterprises in difficulty” as defined in art. 2 para. (18) of the Regulation;

d) are not in enforcement proceedings, insolvency, bankruptcy, judicial reorganization, dissolution, operational closure, liquidation, or temporary suspension of activities;

e) are not subject to decisions for recovery of state aid or, if such decisions have been issued, they have been executed, according to the provisions of the legislation in force;

f) have not benefited from other regional state aids for eligible costs of the nature of wage costs within the same single investment project;

g) have not relocated to the unit where the initial investment for which aid is requested in the last two years prior to the registration date of the funding agreement request and, at the time of registration of the request, provide a commitment not to do so for a period of up to two years after the completion of the initial investment for which aid is requested.

(2) Operating companies can benefit from state aid under the scheme if they cumulatively meet, at the date of registration of the funding agreement request, the criteria provided in para. (1), as well as the following eligibility criteria:

a) have turnover profitability greater than zero in one of the last three financial years;

b) have positive equity in the last financial year.

(3) Newly established enterprises can benefit from state aid under the scheme if they cumulatively meet, at the date of registration of the funding agreement request, the criteria provided in para. (1), as well as the following eligibility criteria:

a) have subscribed and paid-up share capital in accordance with the law in the amount of at least 100,000 lei;

b) do not belong to shareholders who have held or hold in the last 2 years prior to the date of registration of the funding agreement request another enterprise registered according to Law no. 31/1990, republished, with subsequent modifications and completions, which carries out or has carried out the activity for which funding is requested.

(4) The implementation of the state aid scheme shall be in compliance with Commission Recommendation (EU) 2020/1039 of 14 July 2020 on the conditioning of state aid for enterprises in the Union on the absence of links with non-cooperative jurisdictions. Ensuring compliance with the conditions set out in the European Commission recommendation is based on the instructions provided in the Applicant Guide.

This decision applies to aids in all economic sectors, with the exception of the following aids provided for in art. 1 para. (3) of the Regulation:

a) aids granted in the fisheries and aquaculture sector, as regulated by Regulation (EU) No. 1379/2013 of the European Parliament and of the Council of 11 December 2013 on the common organization of the markets in fishery and aquaculture products, amending Council Regulations (EC) No. 1184/2006 and (EC)