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February 16 2015

Can Romania Challenge London 's Silicon Roundabout to Become New European Tech Startup Scene?

There are signs that the growing Romanian technology startup scene has started to attract a lot more international attention and it could take as little as two years for it to be seen as a true rival to London thanks to the strong startup and tech culture that already exists there. The country has the highest number of terms of technology workers per capita in Europe, whilst recent successful exits from the likes of Avangate and UberVu are fuelling the new tech startup boom. The tech industry further benefits from an attractive level of taxation compared with much of the rest of the Europe. Whilst it may never overtake London, the future is definitely bright for the Romanian startup scene.