The Ministry of European Investments and Projects (MIPE) announces the signing of a new financing agreement with the European Investment Fund (EIF) for the launch of the Innovation Romania Programme, with a total funding of 106.7 million EUR.According to a press release of the relevant ministry sent on Thursday, the programme is supported by Smart Growth, Digitization and Financial Instruments Programme 2021-2027 (PoCIDIF), from European Structural and Investment Funds."This initiative emphasizes the crucial role that the Romanian State and the EIF have in supporting the investment and innovation ecosystem in Romania. The efforts started in 2012, with the first venture capital fund financed through the JEREMIE Initiative, have continued through the use of structural funds from the 2014-2020 period and subsequently through the National Recovery and Resilience Plan (PNRR). The new Innovation Romania Programme, conceived as a fund of funds, aims to create financial instruments adapted to the needs of the local market and which, until now, have been insufficiently developed. Thus, three types of equity funds will be launched: the Technology Transfer Fund - aimed at capitalizing on the results of research and innovation through partnerships with research and development organizations; the Business Angels Co-investment Fund - aimed at strengthening the community of private investors and facilitating their involvement in the development of Romanian entrepreneurship; Entrepreneurship Acceleration Fund - dedicated to supporting start-ups and stimulating their growth," notes the MIPE."By signing this agreement, we reconfirm Romania's commitment to support innovation, entrepreneurship and sustainable economic development. The Innovation Romania programme is an important opportunity to boost the creation of new technologies and to support small and medium-sized enterprises, which are the engine of our economy. Together with the European Investment Fund, we aim to develop a strong investment ecosystem that will attract both local and international capital," the Minister of European Investments and Projects, Adrian Caciu, was quoted as saying in the above-mentioned press release.The programme will encourage investments in SMEs and midcaps with a focus on innovation and competitiveness. Selected projects will have to meet specific eligibility criteria, aligned with the specific objective of the European Regional Development Fund (ERDF) : "Enhancing sustainable growth and competitiveness of SMEs and job creation in SMEs, including by productive investments".
Romanians abroad have mobilized massively to vote in the second round of the country’s presidential elections. The vote in Diaspora started on Friday morning, and by Saturday evening (at 19:00), over 609,000 Romanians had already cast their votes. The turnout is almost 90% higher than the one recorded at the same time in the first […]
It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]
Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported. The company...
Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]
AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events. SeeYou is the first mobile app of its kind in […]
SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]
