Romania

Romania earmarks EUR 400mn for SMEs

Reading Time: < 1 minute

A total of EUR 400mn will be available to Romanian short- and medium-sized enterprises (SMEs) from 1 April, as the Start-Up Nation financing line enters a new phase thanks to an agreement with the European Commission (EC), Romanian European Investments and Projects Minister Adrian Caciu announced, news.ro reports. 

“After the negotiations with the EC, we obtained the agreement to finance the Start Up Nation programme‘s – 2024 phase, through the Economy, Entrepreneurship and Tourism Ministry,” Caciu wrote on Facebook on Saturday, 16 March. 

Caciu said this will achieve two objectives: the financing of Start Up Nation from European money, missed by Romania’s previous governments, and the decentralisation of the funds allocated to SMEs to his ministry, “which must gain top spot for the development of public policies and financing the economy”.

“Since the beginning of the year this has been a joint effort with my governmental colleague Stefan Radu Oprea, who I am convinced will bring this programme to a successful conclusion, as he did in the past,” Caciu added.

Startup Europe is an EC initiative for tech startups, supported by a portfolio of projects such as the EU Startup Nation Standard, Innovation Radar and the Digital Innovation and Scale-up Initiative, as part of the EU’s SME strategy.

CET Editor

Recent Posts

Bosnia’s EU accession requires pro-EU coalition – high representative

The EU can formally begin accession negotiations with Bosnia and Herzegovina (BiH) when a stable…

5 days ago

Estonia climbs to second in global press freedom rankings, Czechia makes top ten

Estonia has surged to second place in the 2025 World Press Freedom Index, its best-ever…

5 days ago

Czechia delinks from Russian oil after 60 years

Czechia has halted imports of Russian crude oil delivered via the Druzhba pipelinefor the first…

5 days ago

Far-right Simion wins first round of Romania’s presidential rerun, to face Bucharest mayor in runoff vote

Far-right leader George Simion surged to a clear lead in the first round of Romania’s…

5 days ago

Lowest OECD tax burdens in Slovakia, Poland

Workers in Central and Eastern Europe (CEE) enjoy some of the lowest personal income tax…

6 days ago

Baltic states ramp up air, missile defences

The Baltic states are stepping up their air, missile and drone defence capabilities, as Estonia,…

2 weeks ago