Romania rising: why this small eastern Europe country may become the next startup paradise?
Romania is one of the small European countries a lot of foreigners go just to visit due to Dracula’s story.
But in the past decade, it has been one of the countries with more and more focus on using technology to grow and evolve in the long haul. The most important aspect for Romania is that there are a lot of ways to create a startup and do that cheaply.
The overall living costs are smaller in Romania when compared to most countries in Europe. On top of that, the country has one of the fastest-growing economies in Europe. Not only that, but Romania also has a large pool of well-educated talent. The operating costs are very cheap, and the low wages make it appealing for a lot of investors that want a great ROI without any major risks.
New startups are coming
The reason why startup creators choose Romania is because of the low operating costs. Romania is one of the countries that continue to grow and expand, and it’s all about using the right tools to make that happen. It’s certainly rewarding and unique, and the overall approach is nothing short of spectacular every time because of that. The commitment to growth and value is very important, and at the end of the day, you just have to make it work in a stellar manner.
When you think about Romania, you mostly think about a small, poor country in Europe. But the education system here is widely regarded as one of the best and cheapest ones in Europe. That means you can get a very good degree and start your career without worries. It’s a wonderful starting point. Companies like Accelerole, for example, continue to grow and expand, focusing on foreign markets.
Yes, if you create a startup in Romania you will be targeting global markets, as the local market just doesn’t have the tech demand you would expect. It all comes down to commitment and value, and if you’re tackling it wisely, nothing can really stand in your way.
Why is Romania growing in the tech world?
One of the top advantages is definitely one of the fastest internet speeds in the world. On top of that, the company also has multiple telecom companies that provide small scale fiber networks for companies too. The internet prices are extremely low too, which is amazing. And the millennial generation continues to focus on tech because it’s something they really enjoy.
As you can see, Romania has everything you need in order to create a powerful and rewarding business in the long run. There will always be challenges and demanding situations, but if you’re doing it right, you will find that nothing is impossible and creating a business here might very well be the boost you need to create a global phenomenon. If you’re looking to relocate to a new country to start your own business, then Romania might be a great option. It has a startup-friendly economic environment and it definitely offers some benefits to new business owners. You should definitely consider checking it out as it can be totally worth the effort in the long run.
cover image : Simona Strugariu
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