The average annual grant would therefore increase from 450 million lei to 638 million lei.

 

The state aid has the purpose to stimulate the high technology fixed assets for products with high added value. The financing is granted for investments of at least 44 million lei.

 

The grants started in 2014 and will end in 2020. Nine requests were approved by far, totalling investments of 1,053 billion lei, creating 3,332 jobs. The state aids for the nine projects totals 436.4 billion lei.

The nine companies receiving state aids are: Bosch Rexroth, CER Cleaning Equipment, Leoni Wiring Systems Ro, EKR Elecktrokontact Romania, Sonaca Aerospace Transilvania, Automobile Dacia SA, Robert Bosch SRL, Airbus Helicopters Industries,Timken PWP. (Source: profit.ro)