The number of foreign capital start-ups established in Romania increased in the first eight months of 2021 by 44.8%, to 3,612 units, compared to the same period in 2020, according to data centralized by the National Trade Register Office (ONRC).The 3,612 new companies had a paid up share capital of 28.241 million US dollars, more than twice as much as that of the companies registered in January-August 2020, of 13.032 million US dollars.In August, were registered a number of 508 companies with foreign participation in the share capital. Most of the newly registered companies operate in wholesale and retail trade, car and motorcycle repair (24.8% of the total), professional, administrative, scientific and technical activities (24.41%) and transport, storage and communications (14.57%).At the end of August 2021, in Romania there were 234,588 companies running on foreign share capital. The value of the subscribed capital was 64.144 billion US dollars.Most foreign capital companies, specifically 50,241 - run on Italian capital (3.909 billion US dollars paid up capital), but the most sizable foreign capital comes from the Dutch companies, respectively 12.687 billion US dollars, in 5,623 companies.
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
Romania has completed the renegotiation process of the National Recovery and Resilience Plan (NRRP) with the European Commission, a process that has been going on for more than a year, Minister of Investments and European Projects Dragoș Pîslaru said on July 31, during a press conference, according to
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
