575m euros available for companies that create over 500 jobs

The companies that invest more than 100 million euros and thus create at least 500 jobs will get state aid worth up to 25 million euros, with the total value of funds allocated for 2008-2012 standing at 575 million euros. State aid will be granted only if the investment continues in the region where it was created for at least five years after the completion of the project, ministry sources said, who cited the draft to be submitted to the government soon. Sources say the eligible investments will be those that create at least 500 jobs and exceed the RON equivalent of 100 million euros, and the value of eligible costs stands at a minimum of 50 million euros.