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".
Brand Management, a Romanian company with over two decades of expertise in offline advertising, announces the official launch of Generatik. This revolutionary digital platform fundamentally transforms how promotional campaigns are carried out in physical spaces. For the first time in Romania, an offline campaign can be planned in 20 minutes instead of 20 days. The […]
A week after the outbreak of violence against Romanian immigrants in Northern Ireland and the homes where they live, Minister Emil Hurezeanu said that these are "outrageous." He spoke about the subject after being asked by journalists at the end of a government meeting, according to
Romania’s major automotive associations have voiced concern after the Government suspended its flagship 2025 scrappage grant scheme, citing fiscal constraints. The Association of Motorcycle Importers and Distributors in Romania (AIDMM) and the Association of Automobile Manufacturers and Importers of Romania (APIA) have criticized the move, calling it a political decision that threatens both industry stability […]
The fourth Coradia Stream electric train has arrived at the Alstom Grivița depot from the batch of 37 ordered by the Railway Reform Authority, the rolling stock manufacturer announced on June 19. According to Alstom, the new train will undergo 2,000-kilometer endurance tests without passengers, a mandatory requirement for any new train before entering service. […]
The European Parliament voted on June 18 in favor of a resolution to prolong the funding period of the Recovery and Resilience Mechanism (RRM), supporting a Romanian-led initiative to ensure that ongoing investment projects under the national recovery plans can be completed. The final decision, however, rests with the European Commission. The report, co-authored by […]
Romania’s public debt, as measured by the ESA methodology, increased by only RON 9 billion (EUR 1.8 billion) during March, reaching 56.1% of GDP at the end of the month, up from a revised 55.7% one month earlier and 54.8% at the end of 2024, according to data published by the Finance Ministry. The end-February […]
