The European Bank for Reconstruction and Development (EBRD) allocated 15 million euro to Morphosis Capital Fund II, a private equity fund managed by Morphosis Capital Partners to support the small and medium enterprises (SME) and the companies in the sector lower mid-market in Romania and the whole region of Central and Eastern Europe region (ECE).According to a press release of the ban, through this investment, EBRD restates its commitment to consolidate the economic resilience of the region, supporting the development of financing through own capital as an essential alternative to traditional financing sources. The increase of private equity funds plays an essential role in supporting the SMEs for extension, innovation and contribution to the economic transformation of the markets in ECE.'At EBRD, we believe that strong SMEs are the foundation of economic resilience and innovation. Our backing for Morphosis Capital Fund II aligns with our commitment to support ambitious entrepreneurs, strengthen businesses and drive sustainable growth across Central and Eastern Europe,' Anne Fossemalle, EBRD director for Private Equity Funds, said in the statement. For her part, Victoria Zinchuk, EBRD country director for Romania, said that supporting SMEs is key to unlocking economic potential, creating jobs and stimulating sustainable growth. 'We are delighted to become an investor in Morphosis Capital Fund II. We believe that supporting SMEs is key to unlocking economic potential, creating jobs and stimulating sustainable growth. We look forward to the positive impact that this partnership will have on businesses in Romania and across the CEE region,' said Mr Zinchuk. Last but not least, Andrei Gemeneanu, Managing Partner with Morphosis Capital said that , due to the continuous trust, EBRD has the capacity to boost transformation of entrepreneurship companies from Central and Eastern Europe by ‘ helping them to extend and compete at regional level’.EBRD is one of the most important institutional investors in Romania. Up to the present moment, the bank has invested over 11.6 billion euro in 560 country projects, concentrating on the financing of the infrastructure projects, increase of productivity of the private sector and the continuous development of the financial sector and the capital markets.
The Board of Directors proposes a gross dividend of RON 0.11/share, with a 7.64% yield. RON 97.8 million is the estimated fund allocated to dividends in 2024. The own share buyback operation is within 4.46% of the share capital. The net result of RON 263.66 million increased by 29.4% compared to 2023. The value of […]
DIY retailer Dedeman has acquired approximately 6 hectares of land near the Giurgiu customs, at the border with Bulgaria. The transaction, brokered by real estate consultancy Colliers, brings Dedeman to the last county in Romania where it had no stores, allowing it to expand its network further. Dedeman, controlled by entrepreneurs Adrian and Dragoş Pavăl, […]
Dulcinella, a Romanian network of confectionery and pastry shops with Bessarabian roots, aims to increase the number of locations by 80%, from 20 to 100, by the end of 2026. Of these, 80% will be created through franchising or operation, two types of partnerships defining Dulcinella Group's strategy in the coming years, it said. By […]
Romanian Cosmin Crăciun drove approximately 26,000 kilometers from Buzău, southern Romania, to Yakutsk, Russia, the coldest city in the world, using his personal car. His journey took 53 days roundtrip. Crăciun began his expedition in January of this year, traveling through Turkey, the Caucasus Mountains, and Kazakhstan before reaching the first destination on his itinerary, Lake […]
Rubik Hub is refocusing this year’s edition of its international scaling accelerator, Rubik Scale, from the US to the UK. The organization has opened two spots for seed-stage startups that aim to expand in the UK. Applications are open until April 10 on the official website. “Just like startups, we need to keep a close […]
Jason Derulo, the international music star known for hits like “Wiggle” and “Talk Dirty,” is set to make his debut in Romania at the FOMO – Festival Of Modern Owners. However, he’s not performing this time but sharing his entrepreneurial insights as a speaker. At the event in Romania, the music superstar, who has sold […]
