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.
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county. “For the first time ever, Marilyn Manson […]
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
