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.
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
