REI FINANCE ADVISORS, CUI :J40/987/2007 // J40/987/2008, Str. Aviator Popa Marin nr. 17 B,
sector 1, Bucuresti
Government Decision Nr. 1680/2008
Resume
Designed for projects aimed at regional development/economic growth/development of
enterprises by stimulation of investments and creation of jobs
Win – Win situation: business support for investments vs. increase of the funds to be collected for
the state budget
Available State Aid Schemes:
GD 1680/2008: funding limit (up to 50% of the eligible costs) up to €28.1 mil. (all regions except
Bucharest and Ilfov county – up to 40% of the eligible costs)
Eligible companies - the State Aid Schemes apply to:
-
all enterprises established in Romania, large enterprises included (GD 1680)
Non eligible activities:
-
Export related activities
-
Fisheries, forestry, aquaculture
-
Production of agricultural products
-
Steel and coal sectors
-
Shipbuilding
-
Synthetic fibers sectors
Applicability according to the investment size:
-
GD 1680 - investment characteristics:

value range between €5 to 10mil. and create more than 50 jobs – to be
mainteined for 5 years

value range between €10 to 20mil. and create more than 100 jobs to be
mainteined for 5 years

value range between €20 to 30mil. and create more than 200 jobs to be
mainteined for 5 years
roxana.mircea@fonduri-europene.tel
www.fonduri-europene.tel
REI FINANCE ADVISORS, CUI :J40/987/2007 // J40/987/2008, Str. Aviator Popa Marin nr. 17 B,
sector 1, Bucuresti

value exceeds €30mil. and create more than 300 jobs to be mainteined for
5 years
Eligible investment type - apply to initial investments for:
-
new establishment
-
existing establishment’s extension
-
existing establishment’s diversification of production in new markets
-
existing establishment’s fundamental change of production system
Initial investments (eligible for funding) consist of investments in tangible and intangible assets
located within the same perimeter:
-
Tangible: production, touristic or medical constructions (standard cost per sqm: –
production 370/425 euro/sqm; touristic 750 euro/sqm; medical 850 euro/sqm) and
equipments
-
Intangible: technology transfer related licenses, patents
-
Salaries costs: newly employed personnel, 2-year period and consisting of: gross salary +
related social insurance contribution
Submission and approval:
Main components of the application documentation:
-
investments plan
-
technical and economical study
Application submission: prior to the commencement of the project works - no project related
works allowed prior to the obtaining of the aid approval
Aid approval issuance within 30 business days from the date of the complete documentation
submission
Post approval activities:
Commencement:
-
4 months from approval (GD 1680)
Funding:
-
reimbursement of the eligible costs (i.e., costs incurred with the initial investment or with
the wages calculated for a 2-year term for the newly created jobs)
-
within 45 business days from the date of filing the reimbursement request
-
maximum 4 yearly tranches
roxana.mircea@fonduri-europene.tel
www.fonduri-europene.tel
REI FINANCE ADVISORS, CUI :J40/987/2007 // J40/987/2008, Str. Aviator Popa Marin nr. 17 B,
sector 1, Bucuresti
-
the release of the first tranche cannot be applied for earlier than 3 months from the
project’s commencement
-
2 amendments to the project are permitted throughout its duration (GD 1680)
-
Investment and new working places must be maintained in place for at least 5 years from
its commissioning
The companies must prove that they have a market and future contracts to sustain the turnover
that they predict for the next 5 years.
Also the investors should demonstrate that they have thir own financial sources to be able to cofinance the project.
For any further informations, please do not hesitate to contact me!
Yours sincerely,
Roxana MIRCEA
Managing Partner
REI FINANCE ADVISORS
Consultanta fonduri europene si
scheme de ajutor de stat
Mail: roxana.mircea@fonduri-europene.tel
Tel: 0755.046.434
roxana.mircea@fonduri-europene.tel
www.fonduri-europene.tel