Romania to launch €150 million annual tech research funding scheme

Business Forum
Romania's Ministry of Finance has launched a public consultation for the TechUp Romania funding scheme, designed to support investments in research and development of advanced technologies with production capabilities. 

The programme will have an annual budget of €150 million for the period 2026-2032 and is part of the Economic Recovery Package approved through Emergency Ordinance No. 8/2026. The scheme will accelerate economic growth by stimulating high value-added investments and support trade balance optimisation through technology exports and labour productivity consolidation by creating highly skilled jobs.

"This programme is a partnership for Romania's technological sovereignty. We are not just financing businesses, but supporting the development of solutions that generate high added value and can redefine entire sectors globally. TechUp Romania represents the most ambitious national initiative to support technologies with high systemic impact," said Finance Minister Alexandru Nazare.

The programme provides funding for projects with investment values between €1 million and €10 million, structured in two components: Research & Development (financing through state budget grants combined with a 200% tax deduction for R&D expenses) and Production (grants for initial investments in production capacities using tangible and intangible assets).

The scheme targets frontier projects in Digital (Advanced Computing, Artificial Intelligence, Microelectronics), Life Science (Bio-Technology, Agri-Tech, Precision Health), Energy (Green Energy, Storage, Climate Technologies), Mobility & Space (Autonomous Systems and Space Technologies), and Industry 4.0 (Advanced Materials and Modern Industrial Production). The total estimated budget is up to €1.1 billion, allocated in stages during 2026-2032.

RECOMMENDED
Romania raises €367 million through Fidelis bond sale
Finance

Romania raises €367 million through Fidelis bond sale

Romania's Ministry of Finance attracted RON 1.86 billion (€367.3 million) through seven government bond issues for retail investors in January, marking the first Fidelis offering of 2025. The bonds began trading on Bucharest Stock Exchange (BVB) on Thursday.

Romania cuts cash budget deficit to 7.65% in 2025
Finance

Romania cuts cash budget deficit to 7.65% in 2025

Romania's Ministry of Finance announced that the consolidated general budget execution for 2025 ended with a cash deficit of RON 146.03 billion (€28.65 billion), representing 7.65% of GDP, down one percentage point from the 8.67% deficit recorded in 2024.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.