Entrepreneurship

Women startup founders have a rough time securing financing for their projects, two reports show.

33East, a Cyprus-based venture capital firm, announced the launch of its inaugural fund with a first close of 26 million euros.

The fund will invest in pre-seed and seed-stage founders and startups with a connection to Cyprus, offering capital, support and network to help drive Cyprus' transformation into a hive for innovation and entrepreneurship.

Last year almost 40% of investors who invested in Greek startups had a US passport, "a percentage that just a few years ago was in single-digit percentages, if not near zero," market executives report.

Some 34 Turkish tech startups took the stage at CES 2025 in Las Vegas, Nevada, which kicked off on Jan. 6 and concludes on Jan. 10.

The event featured a pavilion of Turkish tech unicorns and startups worth $1 billion, as well as participation from several Turkish development agencies and the Turkish Industry and Technology Ministry.

Bulgaria has solidified its position as a leader in the Balkans for startup creation, climbing one spot to 37th globally in the 2024 Global Startup Ecosystem Index and maintaining its rank as 23rd in Europe. The country continues to outpace its closest regional competitor, Romania, with three cities featured in the global top 1000.

A new entrepreneurship support program for unemployed people aged 30-59 years old, with a focus on women, was signed by Minister of Labour and Social Security, Niki Kerameos.

Unemployed people aged 30 to 59 who join the entrepreneurship program of the Public Employment Service (DYPA) will receive financial support of 17,000 euros.

The goal of the program is to create small and medium-sized enterprises and, according to Labor Minister Niki Kerameus, emphasis will be placed on female entrepreneurship.

A new entrepreneurship support program for unemployed individuals aged 30-59, with an emphasis on women, has been signed by the Minister of Labor and Social Security, Niki Kerameus.

The Covid pandemic lockdowns brought inspiration and creativity to many aspiring young entrepreneurs, whose ideas, four to five years later, have attracted the interest of Greek and foreign investors.

The Hellenic Confederation of Commerce and Entrepreneurship (ESEE) has identified serious irregularities in the functioning of the banking system in Greece, noting that, in addition to charging high interest rates, Greek banks are not fulfilling their essential role, that of granting loans.