Romanian entrepreneurs invest EUR 6 million in mechanical manufacturing and electrical integration for ships in Galați
Two entrepreneurs from Galați, Alin Pohilcă and Liviu Gălăţanu, have attracted significant capital of approximately 6 million euro, making use of EU funds to develop a unit…
Todos & Company editorial team · EU funding consultancy since 2006
Major investments in the Romanian naval sector through EU funds
Two entrepreneurs from Galați, Alin Pohilcă and Liviu Gălăţanu, have attracted significant capital of around 6 million euro, drawing on EU funds to develop an integrated facility for mechanical manufacturing and electrical integration for ships. The investment, made through the company GLO Marine, aims to modernise and expand production capacity in the specialised field of vessel refurbishment and conversion. The choice of Galați, one of Romania's important centres of naval industry, confirms the region's potential for reviving the maritime sector after years of decline.
Accessing these EU funds under programmes dedicated to businesses developing heavy industry and modern technologies is an opportunity for entrepreneurs who understand that local infrastructure and know-how must be supported through non-refundable funding in order to increase competitiveness on the European market.
Who can apply for EU funds in the naval and mechanical industry
The EU funds available in Romania to support the naval industry and the mechanical manufacturing sector are accessible mainly to micro-enterprises, SMEs and medium-sized companies operating in highly specialised technological fields. Companies that aim to develop integrated production capacities, as well as technological solutions for automation or electrification in the maritime sector, can benefit from non-refundable funding through programmes managed by the Ministry of Investments and European Projects (MIPE) or through the Competitiveness Operational Programme.
Eligibility is determined by the field of activity (CAEN code), as well as by investment plans that ensure a significant contribution to expanding production capacity, increasing energy efficiency or raising the level of technological innovation. Given the specific nature of the naval industry, it is very important that companies provide clear details about the product or service offered, the impact of the investment on the production chain and viability on the relevant international market.
The conditions and steps required to access funding
To access EU funds in the naval industry sector, companies must prepare complex documentation that includes:
- A detailed feasibility study justifying the investment
- A business plan highlighting clear financial indicators and growth prospects
- Documentation on the economic, social and environmental impact
- Proof of the eligibility of costs in accordance with the applicant's guide
- Demonstration of the technical and financial capacity to implement the project
Companies must have a sound financial position, without major liquidity problems, and demonstrate relevant experience in their field of activity. The procedure includes selection, evaluation and scoring stages, and oversight of project implementation is rigorous.
The impact of the investment on the local and national market
Initiatives such as the GLO Marine investment support the consolidation of the Romanian naval industry, adding value in terms of local production, technological capacity and specialised jobs. By creating an integrated assembly and production facility, the entrepreneurs not only address a growing market segment but also stimulate the development of an entrepreneurial and technological ecosystem in the Galați area.
In the medium and long term, such projects can help increase Romanian exports in the naval sector and strengthen the country's position on the map of European suppliers of high-technology components and services. Moreover, these investments can inspire other companies to access similar sources of funding, innovate and increase their competitiveness.
What companies need to prepare and what to watch out for
Entrepreneurs interested in accessing such funds must pay close attention to preparing their documentation and complying with the programme's requirements. It is advisable to work with consultants experienced in EU funds and in the technical field, to ensure coherent and realistic documentation.
A clear development strategy must also be planned, with measurable and realistically achievable objectives. Aspects relating to sustainability, compliance with environmental standards and the ability to generate local added value are also important.
Companies must be prepared for a rigorous audit process and make sure they have the internal resources to manage the project throughout its duration. Careful monitoring of expenditure and transparent communication with the managing authorities are elements that can make the difference between success and failure.
In conclusion, the opportunities offered by EU funds for the naval and mechanical industry sector in Romania are highly relevant and can bring considerable competitive advantages. Entrepreneurs who invest wisely in their technological and administrative capacities, following the correct steps and meeting the eligibility requirements, can turn non-refundable grants into solid engines of growth and innovation.
Want to find out what non-refundable funding you can access?
The Todos Company team helps you with the whole process: from checking eligibility and calculating your score, to preparing the application file and submitting the project.
