From Concern to Collaboration: Progress for Romanian Startups

Following an active dialogue between the Ministry of Finance and representatives of the Romanian startup and venture capital ecosystem, several important clarifications were introduced in the final version of Reform Package 2.

Provisions that would have unintentionally harmed early-stage companies — such as forced debt-to-equity conversion of shareholder loans or restrictions on loan repayments - have now been adjusted to include key exceptions for venture capital funds, business angels, and crowdfunding syndicates.

While the original proposal targeted traditional businesses that rely heavily on shareholder loans, it would have also affected early-stage companies using CLAs — a standard and essential tool for financing technology startups worldwide.

We welcome the fact that authorities listened to the arguments presented by investors and ecosystem players, and that this dialogue demonstrated an openness to collaboration. It is encouraging to see recognition of the strategic role technology plays for Romania, and a willingness to modernize the legislative framework in line with European best practices.

For startups and investors alike, this decision ensures continued access to flexible funding instruments that support innovation, growth, and competitiveness.

👉 You can read more about this here: https://startupcafe.ro/investitorii-techangels-romania-a-fost-acceptata-eliminarea-masurii-care-afecteaza-startup-urile-tech-din-pachetul-2-de-reforme-86235