Seven new financing agreements were granted under the state aid scheme to stimulate major investments in Romania

The Minister of Public Finance announced 7 new financing agreements granted under the state aid scheme to stimulate major investments (GD no.807 / 2014). 

In 2019, commitment loans for the provision of state aid worth over 1.6 billion lei are foreseen, which means the financing of investment projects of at least 5 billion lei. The Ministry of Public Finance administers the state aid scheme, established by H.G. no.807 / 2014, which aims regional development by stimulating investments with significant impact on the economy by financing tangible and intangible assets related to investment projects.

The beneficiaries of the seven new financing agreements are:

DETERGENII S.A. - The investment project aims to set up a capsule type laundry detergent factory for the European market, and the value of the approved state aid is 29.05 million lei.

HIRSCHMANN ROMANIA SRL - The investment project aims to expand the production capacity of cables used in the automotive industry (for the chassis area, respectively for the braking, suspension, ABS and steering systems), and the value of the approved state aid is 57.7 million lei.

IRUM S.A. - The investment project aims to increase the production capacity, by which the company wants to continue producing forest tractors (TAF), agricultural tractors and spare parts / components for tractors, and the value of the approved state aid is 9.8 million lei.

MINET S.A. - The project aims to expand the production capacity, through which the company wants to produce non-woven materials similar to those currently produced (felt) and for the auto industry, and the value of the approved state aid is 5.7 million lei.

MPO PRODIVERS RESISTANT S.R.L. - The project aims to extend the production capacity of the parts stamped by purchasing equipment and production equipment necessary to equip the existing production unit, and the value of the approved state aid is 48.7 million lei.

ROMAQUA GROUP S.A. - The project aims to expand the production capacity of natural oligomineral water paid to Aquatique by the construction of a new hall and the purchase of equipment, and the value of the approved state aid is of 28.32 million lei

SMART WOOD ROMANIA S.R.L. - The project aims to expand the production capacity by purchasing equipment for the production of wooden sticks for the food industry, and the value of the approved state aid is 15 million lei.

The seven approved projects will create 778 new jobs, have a total value of 620.94 million lei, and the state aid for their financing is 194.27 million lei. These projects will contribute 211.54 million lei to the regional development, through the additional taxes and taxes paid.