Romania’s Govt. screens three projects for extending major investment grants
<p>Three investment projects aimed at developing new factories - one factory to produce equipment used for handing radio-frequency tags and two animal feed plants - are the best-placed in the preliminary ranking made by the Ministry of Finance for the granting of state aid according to the RON 750 million (EUR 150 million) scheme for investments with a major impact on the economy, held in 2024.</p>

<p>Under the scheme, 45 companies submitted projects for state aid for investment projects with a total value of RON 8 billion (EUR 1.6 bln).</p>

<p>The first-ranked company, K2 Top Business Consulting, based in Voluntari, has only one employee and a turnover of only RON 270,000 in 2023, <a href="https://www.zf.ro/eveniment/semne-intrebare-schema-ajutor-stat-investitii-impact-major-ajutoare-22485037?mc_cid=8074fc5c1c&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a> reported. It seeks a RON 235 mln state aid to develop a RON 397 mln factory to produce equipment used for handling radio-frequency tags (such as in warehouses).</p>

<p>Bioland Agri, with a business of RON 13 mln in 2023, wants to build a pet food factory worth RON 386 mln, for which it requests state aid of RON 227 mln.</p>

<p>The third-ranked and last-eligible company, according to the preliminary ranking, has a turnover of RON 11 mln and wants to build a feed factory worth RON 422 mln, with state aid of RON 204 mln.</p>

<p><em>iulian@romania-insider.com</em></p>

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