Description of State Aid Schemes (Step 1)

No AccessAug 2021Description of State Aid Schemes (Step 1)Authors/Editors: Georgiana Pop, Mariana Iootty, Miriam Bruhn, Claudia Ruiz OrtegaGeorgiana PopSearch for more papers by this author, Mariana IoottySearch for more papers by this author, Miriam BruhnSearch for more papers by this author, Claudia Ruiz OrtegaSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-1703-8_ch2AboutView ChaptersFull TextPDF (0.6 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Describes the Romanian state aid scheme objective, the needs and problems to address, as well as key characteristics, such as targeted beneficiaries and investments, method of allocating aid, and aid intensity. The selection of three state aid schemes for their impact evaluation aimed to provide relevance and broad coverage in terms of instruments and objectives. The de minimis state aid scheme implemented by the Romanian Counter-Guarantee Fund (RCG scheme) aimed to incentivize access to finance for micro, small, and medium enterprises (MSMEs) while supporting entrepreneurship. The Ministry of Public Finance designed a state aid scheme (MPF scheme) that included minimum investment and job creation thresholds as eligibility criteria to address economic potential and employment opportunities, which vary significantly across Romania’s regions. The Ministry of European Funds implemented a state aid scheme (MEF scheme) supporting the upgrade and modernization of research, development, and innovation (R&D&I) and to address key causes of Romania’s modest R&D performance. ReferencesEIF (European Investment Fund). 2019. “The EIF SME Access to Finance Index June 2019 Update.” Working Paper 2019/58, EIF Research & Market Analysis. Google ScholarWorld Bank. 2018. Rethinking Lagging Regions: Using Cohesion Policy to Deliver on the Potential of Europe’s Regions. Washington, DC: World Bank. Google Scholar Previous chapterNext chapter FiguresreferencesRecommendeddetails View Published: August 2021ISBN: 978-1-4648-1703-8 Copyright & Permissions Related CountriesRomaniaRelated TopicsFinance and Financial Sector DevelopmentMacroeconomics and Economic GrowthPrivate Sector DevelopmentScience and Technology Development KeywordsCOMPETITIONAID EFFECTIVENESSSPILLOVER EFFECTSMARKET FORCESPUBLIC INVESTMENTINVESTMENT CLIMATESTATE AIDGUARANTEE PROGRAMSMALL AND MEDIUM-SIZE ENTERPRISESSMESMICROENTERPRISESJOB CREATIONRESEARCH AND DEVELOPMENTR&DINNOVATIONENTREPRENEURSDEVELOPMENT OUTCOMES PDF DownloadLoading ...