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.
Around 32% of Romanians plan to spend their upcoming holidays abroad, with Greece, Italy, and Spain topping the list of preferred destinations, according to the Visa CEE Travel and Payment Intentions Study 2025. Of those going abroad for the summer, nearly 40% say they are “experience seekers,” prioritizing discoveries and stepping out of their comfort […]
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s presidential elections, will remain under judicial supervision after the District 1 Court in Bucharest rejected his appeal against the prosecutors’ decision to extend the preventive measure,
The mayor of Timișoara, Dominic Fritz, will be the new leader of the Save Romania Union party, or USR, after he received 67.2% of the votes in an internal race. The vote for the new party president was conducted online and started Wednesday at 10 AM and ended Friday at noon. A total of 10,914 […]
The Sports Barometer in Romania, a study conducted by IRES and presented on Thursday, June 12, during the Sports Festival, reveals that 32% of Romanians do not engage in any type of physical activity, and that as age increases motivation drastically decreases. According to the study, 28% of Romanians are super-active and do a form […]
The Romanian-American University has officially launched the country’s first Department of Latin American Studies (DSLA), marking a significant step in its internationalization efforts. The inauguration brought together official representatives from eight Latin American countries - Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, and Uruguay - underlining the strong diplomatic support for deepening educational and cultural […]
Romanian president Nicușor Dan laid wreaths on Friday, June 13, at the Monument dedicated to the memory of the victims of the June 13–15, 1990 Mineriad and at the “Kilometer Zero of Democracy” Monument. The violent events of June 1990 remain in post-communist memory as the “June 13–15, 1990 Mineriad” and refer to the repression, […]
