‘The project will generate over 568 jobs and some 19 million Euros in direct contributions to the state budget and the local budget. This is the first financing agreement issued under Government Resolution No. 807/2014, a regional development state aid scheme aimed at stimulating investments in high tech fixed assets with major impact on the economy,’ the Ministry of Public Finance informs.

According to the Ministry, financing under this scheme is available since November 2014, and the annual budget assigned is in excess of 100 million Euros.

‘We will continue to use state aid type measures to promote sustainable investments that create new jobs. We will launch new state aid schemes, and we will modify existing ones to facilitate access to such financing. We will also reduce financing ceilings for small companies to be able to access such financing too,’ said Minister of Public Finance Eugen Teodorovici.

Since entering the Romanian market in 1994, Bosch Group invested about 180 million Euros, employing 2,400 people (Source: nineoclock.ro)