Romania will launch a state aid scheme for private investments over EUR 10 million in opening or expanding production capacities, prime minister Viorica Dancila said on Wednesday, May 16.

“We aim to attract high added value investments that will create better-paid jobs. We want a real strategic partnership with big companies that want to invest in Romania,” Dancila said.

The Government’s target is to attract investments worth over EUR 1 billion.

The Government will also launch the Romanian Agency for Foreign Investment and Exports in the next months, Dancila said. In the first three months of this year, the foreign direct investment stood at EUR 1.38 billion, up 21% over the same period of last year.

The state aid scheme for big investments will have a budget of about EUR 1 billion for the next four years, according to finance minister Eugen Teodorovici.

editor@romania-insider.com