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".
Warner Bros. Discovery announced a new partnership with Edenred Romania, allowing users of the Edenred Benefit platform to subscribe to HBO Max directly through their employee benefits account. The collaboration aims to make premium entertainment more accessible to employees across Romania, the companies said. Starting October 10, Edenred Benefit users...
This year’s pilgrimage occasioned by the feast of Saint Dimitrie the New, Protector of Bucharest, will take place from October 19 to 29. The event is one of the most significant for the Romanian Orthodox Church in the capital. The faithful will be able to venerate, aside from the Holy Relics of Saint Dimitrie the […]
Classic Unlimited, the well-known organizer of classical music concerts in Romania, announced the launch of a new series of events dedicated to babies, pregnant women, and families, named Classic for Babies. Concerts with interactive sessions will take place in Cluj-Napoca (November 9), Sibiu (November 3), and Târgu Mureș (November 7), with two sessions per day, […]
More than one in three children in Romania, roughly 1.25 million, live in poverty, and the percentage rises dramatically to 75.8% for those whose parents have a low level of education, according to 2024 Eurostat data cited by Save the Children Romania. Children in rural areas face a much higher risk of poverty or social […]
Wizz Air has expanded its base at Timișoara International Airport, in western Romania, by adding a third aircraft and launching five new routes this month. The expansion marks another milestone for the carrier, which has transported more than nine million passengers to and from Timișoara since beginning operations there in 2008. Starting this week, passengers […]
Tech giant Apple announced a major expansion of its clean energy projects across Europe with new large-scale solar and wind farms under development in Romania, Greece, Italy, Latvia, and Poland. The local project is located in Galați County. Together with a newly operational solar array in Spain, the projects announced on Tuesday, October 14, will...
