state aid

European Commission Approves State Aid for Romania’s Tarom

13:50, 24 Feb. 2020
The European Commission said Monday it has approved Romania's plans to grant a temporary loan of approximately EUR36.7 million (around RON 176 million) to the state-owned flag carrier Tarom.

Romania Provided EUR300M In State Aid To 20 Major Investments – PM

17:29, 07 Oct. 2011
Romania has provided EUR300 million in state aid for 20 investment projects worth more than EUR1.1 billion, through an aid scheme approved by the European Union, Prime Minister Emil Boc said Friday in a business forum in Timisoara.

Romania Prepares Aid Scheme To Support IT&C Companies Which Plan Local Investments

15:25, 13 Sept. 2011
The Romanian Communications Ministry is working on a state aid scheme aimed to support IT&C companies which plan to further develop their business in Romania, Communications Minister Valerian Vreme told MEDIAFAX.

Romanian PM Says Chinese Investors May Get State Aid If Investments Are Big Enough

14:58, 15 Aug. 2011
Romanian Prime Minister Emil Boc told Chinese investors Monday Romania would grant state aid if their investments in the country are large enough and create jobs.

Romanian Farmers To Receive RON1.27B State Aid In 2010-2011 – Draft

13:50, 05 Dec. 2010
Romanian farmers will receive subsidies amounting to 1.27 billion lei (EUR1=RON4.2923) for the August 2010-December 2011 interval, according to a draft Government decision.

Foreign Cos Planning To Build Pwr Units In Romania Ask For State Aid

16:27, 06 Sept. 2010
Several foreign companies interested to partner up with local firms in the construction of thermal power plants in Romania, asked for state aid the government cannot give, sources close to the matter told MEDIAFAX on Monday.

Romania To Grant Subsidies For Agricultural, Forestry Products Processing Operations

16:50, 14 Ian. 2010
Romania’s Agriculture and Rural Development Ministry said Thursday it received the European Commission’s decision allowing the ministry to grant state aid in the agricultural and forestry product processing field.

Romania’s Agric Min Rejects Agrostar Unionists’ Request For State Aid Extension

09:55, 08 Ian. 2010
Romanian Agriculture Minister Mihail Dumitru told a news conference Friday the request of the Agrostar union federation to extend state aid for at least one year based on derogation from the European Commission Regulation on the payment of state aid is not possible.

EU Clears Romanian State Guarantee To Ford Loan

14:29, 13 Nov. 2009
The European Commission on Friday approved Romania's plan to guarantee 80% of a loan taken by US carmaker Ford from the European Investment Bank for investments in its plant in Craiova, southern Romania.

EC May Clear EUR320M Guarantee For Ford Romania This Week

14:50, 10 Nov. 2009
The European Commission might approve this week the EUR320 million guarantee granted by Romania to US carmaker Ford, owner of local assembly plant Automobile Craiova, Competition Council head Bogdan Chiritoiu told a news conference Tuesday.

Romanian Petrochemistry Needs State Aid To Revive – Interim Econ Min

13:25, 10 Nov. 2009
Romania’s petrochemical industry cannot revive without the aids or guarantees granted by the state to Rafo (RAF.RO) refinery and chemical plant Oltchim (OLT.RO), as 2010 will be a difficult year for the companies that need loans, Tuesday said interim Economy Minister Adriean Videanu.

ESF Project Submission Deadline Extended In Romania Until Mar 31, 2010

15:57, 26 Oct. 2009
The deadline by which Romanian companies can submit projects to draw non-reimbursable funds made available through the European Social Fund (ESF) was pushed back to March 31, 2010, and applications worth a total EUR22.61 million have been selected so far, from the EUR142.4 million allotted.

Romania’s AVAS Mulls Two-Year Extension For Cos To Meet Privatization Obligations

13:24, 07 Sept. 2009
Romania’s privatization authority AVAS might give a two-year extension for the meeting of obligations undertaken upon privatization to companies that received state aid and have to complete restructuring programs and investments, according to a draft emergency ordinance.

Romanian Competition Council: „First Home” Program Doesn’t Breach State Aid Rules

14:45, 23 Iun. 2009
The “First Home” program, through which the Romanian government guarantees mortgage loans of EUR60.000 at most, does not break the state aid rules, Competition Council president Bogdan Chiritoiu said Tuesday.

EU Clears Romanian Plan To Help Companies With Financing Difficulties

13:33, 08 Iun. 2009
The European Commission on Monday authorized Romania to give aid to companies with financing difficulties as a result of the credit squeeze in the current economic crisis.

Romanian Govt Mulls Granting EUR1.5B State Guarantees

18:49, 13 Apr. 2009
Romania’s Government will grant state guarantees totaling more than EUR1.5 billion, mainly to companies in auto industry, energy sector, and petrochemical industry or to dwelling builders, government sources told MEDIAFAX Monday.

Romanian Govt To Grant State Aid For Renault’s Car Testing Center – PM

16:27, 10 Apr. 2009
Romanian government will support carmaker Dacia, owned by France's Renault, including by state aid granted to Renault Technologie Roumanie (RTR) car testing center in Titu, southern Romania, Prime Minister Emil Boc said Friday.

Renault Asks Romania For EUR170M State Aid

14:51, 12 Mart. 2009
French automaker Renault asked Romanian authorities for state aids totaling EUR170 million, including a EUR100 million state guarantee for a loan taken from the European Investment Bank.

Romanian Parliament Clears EUR143M State Aid For Ford

15:00, 10 Mart. 2009
Romania's Chamber of Deputies approved Tuesday the Emergency Ordinance granting an EUR143 state aid to Ford Motor Company, which bought last year a car factory in the country's southern city of Craiova.

Romanian Cos Benefit From RON2.38B In State Aid – Privatization Auth

18:46, 11 Feb. 2009
Romania’s privatization authority AVAS has granted so far state aid worth 2.38 billion lei (EUR1-RON4.2729) to 80 companies, AVAS president Mircea Ursache said Wednesday.

Romanian Govt Should Support Local Unit Of Ford – Social Democrat Head

15:36, 07 Feb. 2009
Head of Romania’s Social Democratic Party, Mircea Geoana, said Saturday that the Government should consider an integrated set of measures supporting the local unit of American carmaker Ford, which forms, together with Romanian carmaker Dacia, “the pillar” of the local auto industry.

Romanian PM Confirms State Aid For Dacia, Car Parts Suppliers

18:22, 18 Dec. 2008
Romanian outgoing premier Calin Popescu Tariceanu on Thursday confirmed information about a government bailout plan to help French carmaker Renault’s local unit Dacia and four car parts suppliers support production.

Renault Asks Romania For State Aid, Guarantees In EUR310M Invest

18:22, 18 Dec. 2008
French automaker Renault asked the Romanian Government for a EUR15.4 million state aid and might also ask for state guarantees for a EUR100 million European Investment Bank (EIB) loan, for EUR310 million investments in the group’s Romanian Dacia factory in Mioveni and car testing center in Titu.

Romanian Fin Min Proposes State Aid Hike, To RON1B For ‘09

15:12, 02 Nov. 2008
Romanian economy and finance minister Varujan Vosganian proposed that the sum assigned to state aid for next year be increased to 1 billion lei (EUR1=RON3.6610), from the current RON200 million, Vosganian said Sunday.

Romania’s Fin Ministry To Give Ford EUR143M State Aid For Craiova Plant

18:33, 09 Sept. 2008
Romania’s Economy and Finance Ministry will give Ford Motor Co. (F) a state aid worth EUR143 million between 2008-2012, of which EUR17.5 million this year, if the group will carry its programmed investments worth EUR145 million at Daewoo Automobile Craiova this year.

Romania To Grant EUR575M State Aid By 2012 To Investors Creating Over 500 Jobs

13:19, 15 Iul. 2008
Large companies investing over EUR100 million in Romania and creating at least 500 new jobs will benefit from some EUR25 million in state aid, from a total EUR575 million earmarked for 2008-2012.

U.S. Ford Pays Back Romania AVAS EUR27.5M State Aid In Craiova Auto Plant Deal

15:52, 27 Iun. 2008
U.S Ford paid Romania’s Privatization Agency AVAS Friday the EUR27.56 million illegal state aid granted with the sale of auto-assembly plant Automobile Craiova, the agency said.