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Tag Archives: start-ups

10 Romanian start-ups get Telekom’s EUR 100,000 within WeAccelerate programme

Telekom Romania has announced the winners of WeAccelerate programme, through which the company is supporting 10 Romanian start-ups through benefits for business acceleration, worth 100,000 euros in total (EUR 10,000 for each). A total number of 121 start-ups, from various ...

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Telekom Romania announces 200,000 entrepreneurs using Freedom portfolio, new initiatives to support Romanian business environment

Over 200,000 entrepreneurs are currently using Freedom services portfolio launched in November 2017, through which Telekom Romania brought, for the first time for the business segment, unlimited mobile communication with unlimited 4G internet, unlimited minutes and messages, from 5 euros ...

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Instant Factoring, the first Romanian micro-financing platform for SMEs, attracts external financing of EUR 1.5 M

Instant Factoring, the first Romanian online micro-factoring company for SMEs, received EUR 1.5 million funding from a US investment fund. The financing together with the company’s shareholders equity, will support the start-up’s expansion in the Romanian market, enabling microfinance operations ...

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7card founders invest EUR 100,000 on the co-working spaces market

Andrei Crețu and Iulian Cîrciumaru, co-founders of 7card & V7 Capital, are opening a co-working space in the heart of Bucharest (11 George Enescu street). V7 Startup Studio will be hosted in a two-storey 350-sqm attic located in a patrimony ...

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TechFest connected by Vodafone brings on stage international players in the blockchain area and Artificial Intelligence

TechFest connected by Vodafone, the most complex technology festival, to be held between September 20-24, in Bucharest, will feature several stages that will welcome more than 50 local and international guests. These include first-line players on the blockchain, Artificial Intelligence ...

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GapMinder to invest over EUR 1 M in 14 start-ups within the Techcelerator program

14 technology start-ups entered the process of finalizing the investment of up to EUR 100,000 per company from GapMinder venture capital fund for accelerated development within the Techcelerator program. Start-ups were selected from an initial number of over 140 applicants. ...

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IT industry has doubled its revenue in 6 years in Romania

The number of IT companies nationwide increased from 9,823 to 14,339 during 2011 – 2016 and it is forecast that by the end of 2017, they will exceeded 17,000, according to Romanian Association for Electronic Industry and Software (ARIES) – ...

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EIB grants UniCredit Bank the first loan under the “Juncker Plan” in Romania

The European Investment Bank (EIB) has signed with UniCredit Bank a loan agreement for EUR 50 million, marking the first financing deal with a local commercial bank to fall under the framework of the European Fund for Strategic Investments (EFSI) ...

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Over 4,300 Romanian SMEs to benefit from EUR 246 M of investments with EIF support

The European Investment Fund (EIF), part of the European Investment Bank Group, has signed the first SME Initiative guarantee transactions in Romania, with Raiffeisen Bank, Banca Comerciala Romana (BCR) and ProCredit Bank, as a press release informs. With a contribution of EUR ...

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