The Ministry of European Investments and Projects (MIPE) announces the signing of a new financing agreement with the European Investment Fund (EIF) for the launch of the Innovation Romania Programme, with a total funding of 106.7 million EUR.According to a press release of the relevant ministry sent on Thursday, the programme is supported by Smart Growth, Digitization and Financial Instruments Programme 2021-2027 (PoCIDIF), from European Structural and Investment Funds."This initiative emphasizes the crucial role that the Romanian State and the EIF have in supporting the investment and innovation ecosystem in Romania. The efforts started in 2012, with the first venture capital fund financed through the JEREMIE Initiative, have continued through the use of structural funds from the 2014-2020 period and subsequently through the National Recovery and Resilience Plan (PNRR). The new Innovation Romania Programme, conceived as a fund of funds, aims to create financial instruments adapted to the needs of the local market and which, until now, have been insufficiently developed. Thus, three types of equity funds will be launched: the Technology Transfer Fund - aimed at capitalizing on the results of research and innovation through partnerships with research and development organizations; the Business Angels Co-investment Fund - aimed at strengthening the community of private investors and facilitating their involvement in the development of Romanian entrepreneurship; Entrepreneurship Acceleration Fund - dedicated to supporting start-ups and stimulating their growth," notes the MIPE."By signing this agreement, we reconfirm Romania's commitment to support innovation, entrepreneurship and sustainable economic development. The Innovation Romania programme is an important opportunity to boost the creation of new technologies and to support small and medium-sized enterprises, which are the engine of our economy. Together with the European Investment Fund, we aim to develop a strong investment ecosystem that will attract both local and international capital," the Minister of European Investments and Projects, Adrian Caciu, was quoted as saying in the above-mentioned press release.The programme will encourage investments in SMEs and midcaps with a focus on innovation and competitiveness. Selected projects will have to meet specific eligibility criteria, aligned with the specific objective of the European Regional Development Fund (ERDF) : "Enhancing sustainable growth and competitiveness of SMEs and job creation in SMEs, including by productive investments".
Romanian author Mircea Cărtărescu is on the longlist for this year’s International Booker Prize, the influential award for translated fiction, with the novel Solenoid, translated into English by Sean Cotter and published at Pushkin Press. He is the first Romanian author to be longlisted for the prize, alongside 12 other authors nominated for the International Booker […]
Investors from Western Europe, particularly Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling EUR 1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. The Western European's market share accounted for […]
On Tuesday, February 25, the Bucharest Stock Exchange (BVB) granted 20 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2024 as part of the 12th edition of the BVB Awards. In the opening speeches, stock exchange officials also highlighted the growth of the local […]
Romanian football club FCSB announced on Tuesday, February 25, that its website has been targeted by a Distributed Denial of Service (DDoS) attack, which has caused disruptions in the online ticketing process. The incident occurred as the Bucharest team was selling tickets for the match against Olympique Lyon in the Europa League round of 16. […]
The training program in sustainable development runs from April to July 2025, in 5 development regions of Romania. The postgraduate course targets over 1,200 future experts in sustainable development, who will become local leaders of change. The total value of the training program is RON 5.3 million, with funding entirely sourced from the National Recovery […]
A new report from Colliers highlights significant trends in Romania's housing market for 2025, revealing a continued rise in home prices, limited new supply, and increased demand for rental properties. The findings show that while housing deliveries fell by 15% nationwide and over 20% in Bucharest, demand increased by 7% in 2024. As a result, […]
