Known as one the poorest countries in the EU, Romania's manifold of well-educated STEM talent, combined with low wages and cheap operating costs, has made it an attractive place for international companies looking to expand. Its capital city of Bucharest, it is also fast turning into a center for home-grown tech startups--particularly those looking to do so cheaply. The once small scene has been bubbling up over the past five years and now has about 170 startups. There are still many obstacles for Bucharest to overcome, such as worker's retention and access to investment capital, before it can begin to coax international tech talents. But with startup investor confidence in London shaken by the UK's recent decision to leave the EU, and other startup cities such as Berlin, Barcelona, and Amsterdam experiencing rising costs of living, the future is looking bright for Bucharest.
Known as one the poorest countries in the EU, Romania's manifold of well-educated STEM talent, combined with low wages and cheap operating costs, has made it an attractive place for international companies looking to expand. Its capital city of Bucharest, it is also fast turning into a center for home-grown tech startups--particularly those looking to do so cheaply. The once small scene has been bubbling up over the past five years and now has about 170 startups. There are still many obstacles for Bucharest to overcome, such as worker's retention and access to investment capital, before it can begin to coax international tech talents. But with startup investor confidence in London shaken by the UK's recent decision to leave the EU, and other startup cities such as Berlin, Barcelona, and Amsterdam experiencing rising costs of living, the future is looking bright for Bucharest.
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