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EU Grants RON515M For 45 Romanian Investment Projects

Some 45 Romanian companies in several sectors of activity will receive non-reimbursable financing worth a total 515.3 million lei (EUR1=RON4.2878) for investment projects, through the “Increase of Economic Competitiveness” sectoral operational program, the Economy Ministry said Monday.
EU Grants RON515M For 45 Romanian Investment Projects
Ioana TudorPaula Rusanu
27 dec. 2010, 16:56, English

The second round of the program was targeted to large companies, the ministry said in a statement.

The list of large local companies that will obtain non-reimbursable funds includes aluminum producer Alro Slatina (ALR.RO) – RON17.1 million, carmaker Automobile Dacia – RON20 million, consumer goods maker Henkel Romania – RON12 million, paper and cardboard maker Vrancart (VNC.RO) – RON12.3 million and pharmaceutical company Antibiotice Iasi (ATB.RO) – RON17.9 million.