A total of 4,943 foreign-owned companies were established in Romania in the first ten months of 2024, a decrease of 15.5% compared to the same period in 2023, according to data collected by the National Trade Registry Office (ONRC).These 4,943 new companies had a total subscribed share capital of nearly 17.5 million dollars, a decrease of 85.53% compared to the subscribed capital of firms registered in the first ten months of 2023, which was 121 million dollars.In October 2024, 551 foreign-owned companies were registered (-9.38% compared to the same month in 2023), with a subscribed capital of 597,000 dollars (-87.68%). In terms of activity sectors, the most registrations were recorded in wholesale and retail trade, and auto and motorcycle repair (35.57% of the total), professional, administrative, scientific, and technical activities (17.42% of the total), and transportation, storage, and communications (14.34%).At the end of October 2024, there were 269,937 foreign-owned companies in Romania. The subscribed capital amounted to over 71.74 billion dollars.The largest number of foreign-owned companies came from Italy, with 53,524 companies (subscribed capital of 3.634 billion dollars), while the highest subscribed capital was held by Dutch companies, with 13.218 billion dollars in 6,200 firms.
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
Călin Georgescu, the far-right politician who emerged from obscurity to the first place in the now-cancelled presidential elections, and whose financial backing was questioned from the beginning, was taken in to be questioned by prosecutors on Wednesday, February 26, in a case targeting, among others, alleged actions against the constitutional order. He was stopped in […]
