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Wednesday, 11 September

Handover ceremony of some funding agreements signed on the basis of the state aid scheme no.807/2014 for stimulating investments with a major impact on the economy

Statements by Prime Minister Viorica Dăncilă at the handover ceremony of some funding agreements signed on the basis of the state aid scheme no.807/2014 for stimulating investments with a major impact on the economy

Dear representatives of the business community,
Ladies and gentlemen,
I am glad to host at Victoria Palace the fifth handover session of funding agreements for another seven investment projects with a major impact on the economy.
This indicates that the business community trusts the Government and considers it a fair partner that encourages and stimulates investment.
The data on economic development demonstrates that we have every reason to be confident. The National Institute of Statistics and Eurostat have confirmed the real GDP growth of 4.7 percent in the first semester of this year, considering that the economic advance from one quarter to another continues to be high. Romania registered in the second quarter of 2019 an economic growth of 4.6 percent, the second largest in the EU.
It is important to underline the fact that half of the economic growth was due to total investments in the economy, a dynamics to which direct foreign investment had a very important contribution.
The economic advance continued to be in the first semester of this year a sustainable one and it was based on the following economic activities: trade, transport, hotels and restaurants, constructions, information and communications, scientific and professional activities. These sectors represent the engine of economic growth and benefit from the Government's policies to boost the business environment, among which I would mention the exemption from the income tax payment for the IT programmers, incentives for builders, granting holiday vouchers.
Ladies and gentlemen,
The good evolution of the economy is due to a great extent to Romanian and foreign investors that our policies are addressing, including the state aid scheme with significant impact in the economy, based on which the seven financing agreements were handed over.
We will thus back investments in areas with a major impact: the production of non-food consumer goods, the car and machinery construction industry, the automotive industry, the food industry.
Therefore, there are projects with a positive impact in the short, medium and long term, such as the development of the economic activities of the enterprises in the less developed regions, important social benefits, through the creation of new jobs, development of the products and services offered by the local suppliers and, implicitly, an increase in the standard of living.
Only through this state aid scheme, the Romanian Government supports 35 investment projects with a total value of over 3.5 billion lei, which generate approximately 5,300 new jobs.
Through this public policy, and other decisions and measures, the Government stimulates investment and alongside the business environment, contributes to Romania’s development.
Finally, I want to congratulate you, dear investors, and wish you greater success!
I also congratulate Minister Eugen Teodorovici and the team of the Public Finance Ministry for the way they manage this aid scheme designed to boost investment with major impact on the Romanian economy!
Thank you!


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