July 1st, 2014 - December 31st, 2020
Payment of the aid will be made during the period 2015-2025

RON 2,700 million (the equivalent of approximately EUR 600 million)
with the possibility of supplementing

Initial investment* that would generate within maximum 3 years from the completion of the investment the creation of minimum 20 new jobs (out of which at least 3 for disadvantaged workers) by:

• setting up a new unit
• extending the capacity of the existing unit
• diversifying unit production
• making fundamental changes in the general process of production within the existing unit

There is no threshold for the amount of the investment.

• the sector of fisheries and aquaculture;
• the sector of primary production of agricultural products;
• the sector of processing and sale of agricultural products when the amount of the aids is determined based on the price or quantity purchased from primary producers;
• the category of activities that facilitate the closing of non-competitive coal mines;
• the sector of siderurgy, coal, shipbuilding, synthetic fibers, transport and energy;
• the category of activities related to third countries or other member states;
• the category of operation activities (aid for operation);

• are registered in accordance with Law no. 31/1990
• have no outstanding debts to the budgets composing the general consolidated budget,
• do not fall into the category of "companies in a difficult situation"
• are not in the procedure of forced execution, insolvency, bankruptcy, judicial reorganization, dissolution, operational closure, winding-up or temporary suspension of activity
• decisions for recovery of a state aid were not issued against them or, in the event such decisions were issued, they have been executed
• have not benefited from other regional state aids for eligible costs of the nature of tangible and intangible assets within the same single investment project
• have not closed an identical or similar activity in the European Economic Area in the two years preceding the submission of the application for aid and, at the time of submission of the application, have no concrete plans to close down such an activity within a period of two years after completing the initial investment, in the region in question.

OPERATING BUSINESSES

• their return on turnover ≥ 1% in the last financial year ended;
• they have positive equity in the last financial year ended.

NEWLY SET-UP BUSINESSES

• they have a called-up and paid share capital amounting to at least RON 30,000;
• they do not belong to shareholders who hold or have held in the past two years prior to the date of registration of the application for financing another business registered in accordance with Law no. 31/1990 that carries out or has carried out the business for which financing is requested;

The maximum level of state aid from which a company may benefit is referenced to the eligible expenditure, as follows:

To be eligible, the applicant must carry out an investment project which would lead to the creation of at least 20 new jobs with the obligation to maintain them for a period of at least 5 years for large companies and 3 years for small and medium enterprises.

The state aid will be granted for eligible expenditure resulting from salary costs recorded for a period of 2 consecutive years, within the limit of the medium national gross salary, approved by the annual social state insurances budget law, available for the year of the Financing Request submission.

1. Registration of the applications for financing agreement: the applicant shall submit to the Ministry of Public Finance documents such as: application for financing agreement, statement that the company belongs to the category of small and medium enterprises, confirmation of company details, approved annual financial statements, plan for the creation of jobs, fiscal certificate, power of attorney signed and stamped by the legal representative.
2. Final selection: based on the response from the Ministry of Public Finance, the company selected in the first evaluation stage will submit to the Registration office the second part of the documentation of the investment project which includes the business plan accompanied by supporting documents. The Ministry of Public Finance will review the documentation and, if there are no requests for additional information, it will send:
   • the Financing Agreement;
   • the Rejection of the investment project

The payment of the state aid will be carried out after bearing the eligible expenditure in full or in part, provided that the first reimbursement of the expenditure is carried out after the creation of minimum 20 new jobs (out of which at least 3 for disadvantaged workers).

• the Initial investment in operating status
• each new job created (from the date on which it was first filled in)