TechAngels, the community of private investors in Romania dedicated to supporting technology startups, reaffirms its confidence in Romania's extraordinary potential as a conducive environment for innovation and entrepreneurship, but emphasises that this potential fundamentally depends on preserving and consolidating democratic values, on the trust of investors."We remain optimistic and confident that Romania is an extraordinary country in which to start a startup, including in the technology field. However, all the efforts and achievements of recent years can be wiped out if Romania does not remain a democratic state, where individual freedoms and rights are defended," said Marius Istrate, president of TechAngels, quoted in a press release sent on Thursday.The analysis, based on public sources, shows that 71 financing rounds of over 251 million US dollars were opened this year. "This dynamic clearly proves the enormous potential of entrepreneurs in Romania, but economic stability and long-term investments are inseparable from a solid and predictable democratic framework," added Marius Istrate.TechAngels believes that the civic involvement proved by the high voter turnout is the expression of a positive trend and calls for at least as active participation in the next elections. "Strengthening democracy and the rule of law depends on each of us," the press release states.In this context, TechAngels believes that it is important for all democratic political forces to take a firm stand against any anti-democratic, anti-Euro-Atlantic, neo-legionary or anti-Semitic slippages. "In Romania, there should be no doubt that we support freedom, genuine democracy and respect for life and human dignity," concludes Marius Istrate.TechAngels is an open group of private investors, with over 130 members, interested in supporting the development of technology startups in Romania and the region.
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 […]
