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15 Feb

Romania to provide €259m funding to attract battery investment

Romania will offer €259 million ($277.57m) in state aid funding to attract green transition investment, including production, assembly, and recycling of batteries, Kallanish reports. The scheme, to be made available in part through the Recovery and Resilience Facility (RRF), will run until 31 December, 2024. The direct grants will be available to companies located in Romania’s areas eligible for regional aid. Announcing its approval on Wednesday, the …
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