Legislation on minimis aids for SMEs amended

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Legislation on granting minimis aids for small and medium-sized enterprises (GO No. 274/2013) has been amended following discussions with representatives of the business environment, informs the Romanian Ministry of Public Finances (MFP)on Monday.

The main amendments refer to the expansion of such eligible expenditures related to the making or acquisition of constructions for related services, elimination of compulsoriness in proving economic efficiency in the case of companies that ask for minimis aids – in the next 3 years since the completion of the investment – on condition they stay within the indicators stipulated by the technical-economic study, broadening of the range of documents attesting the right of the applicant company over the land, in the case of making the construction, and over the building representing the location of the investment, in case the object of the aid is represented by the acquisition of tools and equipment.

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