Articles - financing

EU funds for IT companies in Romania delayed again

Romanian companies in the IT&C sector will have to wait another month before they can submit projects to get EU funds through the new Operational Programme Competitiveness 2014-2020. The program will be open for applications starting November 2 instead of October 1.

Alpha Bank and Ali Ergun Ergen increased with 40 pct. Timișoara Centrum’s project area, investment to reach EUR 90 million

Alpha Group Investments, a division of Alpha Bank group, and the company TBE Business Solutions, controlled by Ali Ergun Ergen, will invest EUR 90 million in the real estate mixed-use project Timișoara Centrum, with a rentable area of nearly 70,000 sq. m, modifying the initial concept which involved 40 pct less area and EUR 80 million investments.

Romania has 100 angel investors at most and only half are active

Romania has maximum 100 angel investors and only half of them are active, according to Peter Barta, CEO of the Post-Privatisation Foundation. Romanian start-ups struggle with finding financing, he said.

Romanian investor builds 100 apartments in Cluj with EUR 5 mln

Local investor Octavian Buzoianu wants to borrow EUR 4.5 million from the state-owned lender CEC Bank to build 100 houses in Cluj-Napoca.

Papalekas to attract EUR 35 million for investments

Businessman Ioannis Papalekas wants to attract EUR 35 million from the shareholders of the Globalworth, the company he controls, in order to finance new real estate projects acquisitions and the needed investments for the office buildings in development in Bucharest.