Private investors in Romania: All efforts in recent years could be erased if Romania doesn't stay democratic

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.