Romanians between the ages of 35 and 44 are at the top of the list when it comes to launching new companies in 2023, especially in the IT sector, according to a specialized analysis published on Friday.The data analyzed by StartCo, a platform specialized in online company establishment and management services, reveals that Bucharest continues to be a central hub for start-ups, closely followed by Cluj-Napoca and other regional cities.According to the quoted source, 30% of the newly established natural legal persons (PFA)s between January and October 2023 are in the technology area, and over a quarter (26.6%) are with an IT profile.Other fields offering opportunities for starting a business are: Online trade (20.58% of newly established companies and 9.16% of PFAs), Marketing & Consulting (11.32% of new businesses and 12.79% of PFAs) and Alternative Education (7.54% of the newly established PFAs).Most of the start-ups opened in 2023 through StartCo (39.46%) were registered in Bucharest, while Cluj-Napoca claimed the title of regional leader, with a share of 10.75% , with a small difference compared to the cumulative percentage for three other important cities, respectively: 12.3% of the new businesses have their headquarters in Iasi, Timisoara or Brasov.The Romanians' appetite to have their own business is highest in the 35-44 age range (27.5%), followed by the 45-54 segment (24%), those between 25 and 34 years old (20%), and between 18 and 24 years old (11%).StartCo, the platform through which thousands of start-ups have been opened in Romania to date, also offers services for issuing invoices and online accounting.
Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more […]
Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis, […]
Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk […]
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains' Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The […]
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean […]
The presidential elections held in November 2024 in Romania were influenced by a large-scale hybrid war orchestrated by Russia before they were cancelled, according to general prosecutor Alex Florența. Romania’s presidential election was annulled last December after declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity...
