Power Breakfast on State Aid
November 11, 2014, ,

The Cornerstone of the New State Aid Schemes for 2014-2020 

The previous state aid schemes proved to be a success and a lot of companies benefited from non-reimbursable funds during the last 6 years. The Romanian Government has decided to continue its commitment to finance viable projects through state aid and has recently approved the new state aid schemes valid for the period 2014-2020. State aid remains a feasible financing tool for local and foreign investors in Romania.

Your company can now benefit from up to 50% cash reimbursement of its investment in assets or of the salary costs for 2 consecutive years, if it intends either to invest more than EUR 10 million in assets or to create more than 10 new working places. The total budget to be allocated for such projects is of EUR 1.2 billion (EUR 600 million for each of the two schemes) and the applications will be treated on a first-in-first-out basis. It is now, when the Romanian Government has just laid the cornerstone of the new state aid schemes for the period 2014-2020, the best opportunity for learning more about this financing tool.

Join this event to get an overview on this incentive and to discuss with experts about the implementation of successful investments in Romania, practical issues and solutions.

Presentation Topics: 

  • Summary and financial statistics of the past state aid schemes
  • State Aid scheme for financing investments in assets (GD 807/2014)
  • State Aid scheme for financing salary costs (GD 332/2014)
  • Application Process: pre-qualification, preparation of business plan and business model, commitments
  • Technicalities for the implementation of the state aid scheme
  • Success stories

Registration: Roundtable participation fee is 89 € + VAT/ person.

The fee includes the participation in the roundtable, breakfast, coffee break as well as the conference proceedings documents. 
All registration fees mentioned above exclude 24% Romanian VAT. 

Registration conditions: The program and the speakers are subject to change. Should the conference be cancelled due to force majeure, unavailability of the conference venue, speakers being prevented or for other good cause, the organizer reserves the right to cancel the conference. In case of cancellation all participants will be informed promptly. In this case, all registration fees will be reimbursed. 

Payment: Payment can be made by bank transfer prior to the event. Please take into consideration the limited seats availability, therefore we recommend that registrations are made prior to the week of the event. 

Darius Valcov
Delegated Minister for Budget, Ministry of Finance

Darius Valcov is the Delegated Minister for Budget, office he took in August 2014. Previously, as Senator, he was the President of the Commission for Public Administration and Territorial Organization within the Senate. Before his election in the Romanian Parliament in December 2012, Darius Valcov had been the Mayor of Slatina for eight years. He has a PhD in Economics at ASE Bucharest, a law degree at Bucharest’s “Spiru Haret” University and an economics degree at ASE Bucharest. 

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