The authorities are preparing to launch more than 15 separate funding lines, with allocations ranging from €50,000 to more than €57M.
The total value of the investment amounted to RON 7.788.593,26, of which 70% represents European funds, which was successfully attracted by the REI Grup team.
InvestALIM results: out of a total of 37 companies - eight are projects successfully managed by the REI team.
The Modernisation Fund, Regional Programmes, Rural Development - Agriculture and Start-up Nation 2024 receive the largest allocations. Financial support ranges from €20,000 to over €57 million.
The Ministry of Finance is preparing a new state aid scheme for investments, similar to GD 807/2014: annual budget is estimated at €150 million.
Romania faces an economic maturity test, with the key question being whether it can transform current vulnerabilities into reforms and progress.
Vlasceanu & Partners has advised Econergy on a €40.5 million project financing from UniCredit Bank for the development of an 87 MW photovoltaic project in Oradea, Romania.
Nova Power & Gas, part of the E-INFRA group, has announced the commercial operation of Romania's largest battery energy storage facility, with a capacity of 200 MW and 400 MWh, located in Florești, Cluj County.
Romanian farmers will gain access to additional financing through a €25 million loan from the European Investment Bank (EIB) to Agricover Credit IFN. The non-bank financial institution will channel the funds to micro agricultural businesses seeking to improve productivity and environmental sustainability.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.