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A tech university in the Romanian IT hub Cluj gets major investment boost


A major new investment in a technical university cements the reputation of the Romanian city of Cluj as a hotbed of talent, innovation and technology.
The Transylvanian city of Cluj, which earlier this year became the first in emerging Europe to make it to the final stage of the European Capital of Innovation Award, has for some time been viewed as Romania’s leading hub of technology and innovation.
In a nod to this success, and with a view to building on it, the city’s Technical University, UTCN, last week received a loan worth 21 million euros from the European Investment Bank (EIB). The loan is the first granted under the EIB’s 100 million euros Romania Higher Education Programme and is guaranteed by the European Fund for Strategic Investments, the core of the Investment Plan for Europe – also known as the Juncker Plan after its chief architect, former European Commission President Jean-Claude Juncker. ....

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EIB agrees to support Technical University of Cluj-Napoca through EUR 21m


EIB agrees to support Technical University of Cluj-Napoca through EUR 21m
The program launched by EIB in 2020, has as main objective to ensure the necessary resources to improve the teaching, research, innovation, and student living conditions in Romanian universities, by building new buildings or renovating existing ones. EIB | Updated: 18-12-2020 20:11 IST | Created: 18-12-2020 20:11 IST
The loan agreement signed by TUCN represents the first support granted to a university in Romania, by the European Investment Bank, within this program to bolster higher education, launched at the beginning of 2020. Image Credit: Wikipedia
The European Investment Bank has agreed to support transformational investment at the Technical University of Cluj-Napoca (TUCN) through a new EUR 21 million, 25-year loan. ....

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