The Romanian Investment and Development Bank (BID) has committed €20 million to the Three Seas Initiative Innovation Fund, becoming the fifth national promotional institution to support the EIF-led investment vehicle targeting growth-stage companies across Central and Eastern Europe.
Women account for just over one in five (21%) investment professionals in private equity (PE) and venture capital (VC) funds operating in Romania.
Now in its fifth edition, the report expands its scope to the entire region, gathering data from 22 countries.
The Series A investment is led by True Ventures, a venture capital fund from Silicon Valley, with the participation of Early Game and Play Ventures.
With 14 startups funded, over 100 women engaged, and a commitment to transformative innovation, WIT Angels Club solidifies its role in bridging the gender wealth gap.
FieldOS was founded in 2021 by Cristian Dragomir and Ion Gavrilescu and serves as a digital one-stop shop for managing field employees and their resources.
As part of the collaboration, EGV will deploy the SeedBlink Equity product for its portfolio companies to streamline their equity management and elevate equity ta strategic asset.
Nova Power & Gas, part of the E-INFRA group, has announced the commercial operation of Romania's largest battery energy storage facility, with a capacity of 200 MW and 400 MWh, located in Florești, Cluj County.
Vlasceanu & Partners has advised Econergy on a €40.5 million project financing from UniCredit Bank for the development of an 87 MW photovoltaic project in Oradea, Romania.
Romania leads the European Union in both VAT and corporate tax collection failures, losing approximately one-third of potential revenue from each tax, according to a European Commission analysis published this week.
Romanian farmers will gain access to additional financing through a €25 million loan from the European Investment Bank (EIB) to Agricover Credit IFN. The non-bank financial institution will channel the funds to micro agricultural businesses seeking to improve productivity and environmental sustainability.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.