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.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
