More funds for de minimis aid schemes for transition to circular economy
The Ministry of Economy, Entrepreneurship and Tourism (MEAT) amends the ordinance on the regulation of financial measures by establishing the de minimis aid scheme for the transition to the circular economy, so that the initially approved budget will be increased and more companies will benefit from funding, told Agerpres.
The initial budget allocated to the scheme was the equivalent in lei of EUR 8 million, but after the additional funding it will be EUR 12.55 million. At the same time, the number of beneficiaries is also modified, increasing to 90.
„The decision to increase the amounts available was taken following the increased demand from the industry, as 94 applications were submitted following the application session launched in December 2022, of which only 47 were granted funding due to the exhaustion of the budget,” MEAT representatives explain.
The objectives of the de minimis aid scheme for the circular economy are: to decouple economic growth from the consumption of natural resources by reusing and recycling materials already available on the market in the form of waste, extending the life of products, increasing the degree of repairability, facilitating the recycling of component materials; expanding recycling activity and establishing economic instruments to promote reuse and stimulate industrial symbiosis and environmentally friendly products.