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February 21, 2024Renata Ban
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The OUG on the abolition of investment grants (measure 3), which allocates this money to working capital grants (measure 2), was published in the Official Gazette.Read article
The OUG on the abolition of investment grants (measure 3 of the OG No 130/2020), which allocates this money to working capital grants (measure 2), was published in the Official Gazette. This OUG, which is already in place, came in the context where the money initially allocated for working capital does not end up to fund all eligible files. However, state aid for investments is not entirely abandoned.
In particular, according to OUG No 48/2021, a normative act published in the Official Gazette No 597/2021, the investment grants – measure 3 state aid to small and medium-sized enterprises (SMEs) affected by the pandemic – were taken out of the OUG no 130/2020. Thus, the funds were reallocated to measure 2 – grants for working capital.
In order to allow the financing of the files already approved for measure 2, the Government has transferred the money available from measure 3 of the OUG no. 130/2020.
Therefore, as regards the state aid promised for investments, measure 3 will be relaunched with amounts from the EUR – react.