EY ROMANIA

  |  2014-09-30

Bank loans are less and less an option, while European funds are increasingly popular amongst the funding options of entrepreneurs

The percentage of Romanian companies that had their request for funding turned down has decreased 6% compared to last year, according to the EY study – The access of Romanian entrepreneurs to funding, which is a positive signal for entrepreneurs and entrepreneurial companies looking for funding

This second edition of the study analyzes the perceptions of 125 entrepreneurs on funding in Romania, 56% of which own companies with a turnover smaller than EUR 1 million, 23% with a turnover between EUR 1-15 million and 21% of over EUR 15 million. Most of the 125 respondents are young entrepreneurs, under 40 years old.

 

Over half of the Romanian companies that obtained funding declared that they received the most recent round of funding in the past year, while the number of those who obtained the latest funding more than four years ago has dropped 3%. Thus, companies have begun to fund their business needs more, while the funding and investment environment is improving.

 

For more information, please see the Romanian version of the article, here.
 

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