Some 70% of Romanian technology startups were affected by the COVID-19 pandemic and the average revenues of this type of business reach EUR150,000 countrywide, with a seniority below four years, per the survey “Impact of COVID19 on Tech Startups in Romania” initiated by the Romanian Tech Startups Association (ROTSA), in partnership with over 130 players in the national startup ecosystem.
The European Investment Bank (EIB) said Thursday it was granting EUR190 million support to Romanian companies in manufacturing, commerce, agriculture and tourism, sectors that were hardest hit by the COVID-19 pandemic.