Romania

Romania

Amendment of scheme of investment support for promoting regional development

31 Jul 2020

With the adoption of Governmental Decree no. 598 of 31 July 2020, the state aid scheme to support investments that promote regional development through job creation was extended until the year 2028.

Investment projects that create at least 100 jobs in sectors not excluded from financing may apply for state aid. Exluded sectors comprise, inter alia, agriculture, forestry and fisheries, extractive industries, construction, real estate transactions and leasing, financial and insurance.

The new decree also simplifies procedures for granting, processing and verifying conditions of financing.