Encourages investments in the manufacturing industry
21 Jun 2024
On 21 June 2024, the Government of Romania launched a € 450 million scheme to encourage investments in the manufacturing industry. The scheme prioritizes investments in critical sectors for economic diversification and resilience, such as manufacturing, pharmaceuticals, and waste management, and aims to promote balanced growth by excluding Bucharest from funding.
The initiative aims to provide non-repayable funding to private enterprises making substantial economic impacts with a focus on innovation and sustainability. The scheme supports industry in achieving climate neutrality through new industrial processes and the use of cleaner technologies, and aims to integrate Romania in European and international value chains. Financial support will be up to € 50 million and will cover up to 75 per cent of eligible expenses, depending on the investment location, with businesses required to cover a portion of eligible and all ineligible costs.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Not industry specific (SDG)
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Manufacturing (Manufacture of basic pharmaceutical products and pharmaceutical preparations)
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Manufacturing (Manufacture of basic pharmaceutical products and pharmaceutical preparations)
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Services (Water supply, sewerage, waste management and remediation activities)
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Sources:
