Romanian Authorities Allot EUR400M In Company Incentives

Romanian authorities decided to allot EUR292.6 million for small and medium-sized companies and large firms, and EUR100 million for the renewable energy segment, out of the sectorial operational program "Increase of Economic Competitiveness," the Economy Ministry announced Monday.

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Thus, SMEs were alloted EUR195 million, while large companies were alloted EUR97.5 million. The money will be used for upgrades, standardization, competitiveness and consultancy.

Renewable energy projects were alloted EUR100 million, money coming from energy efficiency operations and interconnection.

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