The European Startups Universe incubator was brought to Romania by ROTSA, with the Romanian technology startups at the beginning of their journey, either incorporated locally or in the diaspora, to have February 28 as their registration deadline, according to to a press release sent on Monday.The European Startups Universe is a parallel incubation program operating in 11 EU countries: Romania, Greece, Spain, Croatia, Cyprus, France, Hungary, Italy, Luxembourg, the Netherlands and Slovenia. It takes 6 weeks to complete it, starting with March 2022.The initiative is officially supported by the European Commission's Commissioner for Innovation, Research, Culture, Education and Youth, Mariya Gabriel, and the European Committee of the Regions.In Romania, the initiative is implemented by ROTSA - Romanian Tech Startups Association, a non-profit organization that aims to promote, support and represent the interests of technology startups in Romania, regardless of vertical."It is our organizational mission to bring together the key players in the national ecosystem of technology startups, facilitating their communication and creating connections and partnerships between them. We are glad that we were selected to implement this programme at the national level because we have thus a better opportunity to support the initiatives of internationalization startups and to identify sources of financing to help them to grow," stated Cristiana Bogateanu, ROTSA executive director.The programme is aimed at all tech startups in the EU and aims to connect hundreds of startups at the beginning of the road with experts, founders of unicorn startups, investors, VCs, etc.The activities of the programme will take place online in March and April, during which time each team or founder of an early stage tech startup in the EU will have access to funding opportunities, the possibility of scaling to other EU countries and opportunities to find new customers.The incubation programme, organized nationally by the countries involved in the programme, will be followed by sessions with Angel-type investors at the European level, which will be handled by European Startup Universe HQ, the initiator of the project.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
