Dräexlmaier, the German producer of automotive components and one of the largest employers in Romania, attracted a financing of 40 million EUR from the European Bank of Reconstruction and Development (EBRD) through an emission of hybrid bonds.

The financing adds to another 50 million EUR from a previous loan, bringing the project financing volume to a total of 90 million EUR. The funds are going to be used to increase the production capacity of the factories in Romania, Serbia, Macedonia and Tunisia, and also for financing a new production plant in Republic of Moldova. 

The consortium of banks consisting of BCR, BRD - Groupe Societe Generale, Banca Transilvania and Raiffeisen Bank was selected to provide securities brokerage and sale of state bonds for population.

Moreover, according to the ministry of Public Finance, the four financial institutions will not charge any cost to individuals for the purchase of government securities if the subscription is made through them.

The companies requesting state aids for investments that promote regional development by creating jobs can be submitted starting Monday, 30^th of May, until June 10

The budget for this session is 250 million RON (approx. 55,5 Mil EUR). The procedure consists of several steps. The applications, altogether with the justifying papers will be submitted through post mail or courier with receipt, or in person at the General Registry of the Ministry of Public Finance, mentioning on the envelope: "Unitatea de implementare a schemei de ajutor de stat instituită prin H.G. nr. 332/2014" ( meaning, "The unit for implementing the state aid scheme enforced through H.G. No. 332/2014").

The Ministry of Economy, Commerce and Business Environment, altogether with the Ministry of Public Finance are preparing a new state aid scheme for small projects.

Costin Borc, Minister of Economy, declared that so far, the state aids were accessible mostly to multinational companies, as small enterprises could not associate with major projects: "We do not want any discrimination between the Romanian and foreign capital, that is not even possible, but we are thinking that there are investors that could develop smaller projects and benefit also from state aids. The Government's wish is to support production anywhere in Romania."