Aid

The European Commission has approved an aid scheme for Romania, worth four billion euros, in order to support businesses in all sectors in the context of the invasion of Ukraine by Russia – according to a press release of the community executive. According to the EC, Romania’s aid scheme is necessary, adequate and proportionate to remedy a serious disruption to a member state’s economy, in accordance with EU state aid rules. Under this measure, the aid will take the form of guarantees for loans, with a maximum budget of 3.6 billion euros, and the rest in direct grants. Support under the scheme will be granted until 31 December 2022 at the latest.

Eugen Cojococariu, Radio Romania International