National plan for large industry
The National Plan for Large Industry, agreed on by the ruling coalition in Bucharest, stands at about 2 bln EUR.
Corina Cristea, 19.09.2024, 14:00
Concerned about the reindustrialization of the country, the Romanian government took important steps to complete the support scheme for the large strategic investments in the manufacturing industry and the fund that underlies the Support Program for Large Industry in Romania – metallurgy, steel and the chemical industry. “The first component of the Plan for Strategic Investments in the manufacturing industry involves a state aid package worth 500 mln EUR as well as fiscal facilities for investments over 150 mln EUR, which directly creates hundreds of jobs and develops in regions with a GDP per capita ratio below the national average”, Prime Minister Marcel Ciolacu said.
The second component of the Industrial Plan is the National Support Program for Large Industry in Romania – a state aid scheme worth 1 bln EUR (about 5 bln Lei) over 6 years, for the decarbonization of production processes and energy efficiency. According to the Prime Minister, an estimated number of 30 companies in the metallurgy and chemical industry sectors will receive support of up to 100 mln EUR per beneficiary. “There are companies that will implement investments with eligible costs of at least 8 mln EUR, which will operate a 40% slash to direct greenhouse gas emissions from industrial installations and/or reduce by at least 20% the energy consumption in industrial installations in relation to supported activities. State funding will be provided from the sale of greenhouse gas emission certificates, and the investment must be maintained for 5 years from the date of its completion”, Marcel Ciolacu explained.
The third component of the plan involves a state aid scheme of 1.25 bln Lei for 15 companies that implement investments in the production of industrial raw materials, such as pipes, profiles, bars, aluminum or copper. “These support programs fall in line with the measures stipulated by the Draghi Plan to increase the industrial competitiveness of the European economy. The three aid schemes will increase industrial production and the GDP through investments, reducing the trade balance deficit, creating new well-paid jobs, as well as decarbonizing production processes and increasing energy efficiency”, the Prime Minister said, adding that the government thus seeks to consolidate an economic development model based on investments. (VP)
