Bucharest ranks positively for start-up location

Bucharest ranked as the tenth most popular city in Europe to build a start-up. In the country, there were 402,428 startup businesses overall from 2015 to 2019, with a large number of startups in the software sector, according to data compiled by Paymentsense, a financial technology company that operates credit card payment services for small and medium-sized businesses.

Most of the Romanian start-ups were hosted by Bucharest, according to the data.

This places Romania in a group of central and eastern countries (cities) hosting important startup ecosystems: above Hungary (344,772 start-ups in the period), but below the Czech Republic (464,772).

From 2015 to 2019, there has been a 9.5% growth in the number of start-ups in Romania – close to the rate seen in the Czech Republic but well inferior to that boasted by Hungary (+39%).

Despite inflation, Bucharest remains among Europe’s cheapest cities


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