Romania's economic recovery plan includes state-aid schemes covering both small projects and large strategic investments, Public Finance Minister Alexandru Nazare declared on Thursday at a press conference at the Victoria Palace.
He stated that the government is introducing a new state-aid scheme for strategic projects starting from 1 billion RON (200 million euro), an instrument Romania did not previously have for attracting major investments. The scheme will be open to both Romanian and foreign investors and will require a minimum share capital of 25 million RON and assets of at least 50 million RON. All criteria will be defined in government decisions within 90 days of the draft law's adoption.
Nazare also announced adjustments to the Finance Ministry's support scheme for industry, targeting product groups with trade-balance deficits, so as to better direct resources toward sectors with structural needs.
For the defense industry, the minister said a 200-million-euro instrument financed from European funds will be made available for Romanian companies, including joint ventures.
In the SME area, a dedicated instrument will support projects between 7 and 50 million, including a 100-million-euro ceiling reserved for Romanians from the diaspora who want to invest in Romania.
Nazare added that EximBank will have to diversify its products to support the internationalization of Romanian companies, including guarantees for working-capital loans, guarantees for regional investments and counter-guarantees, so as to encourage a much more active Romanian presence in the region.
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