As many as 2,308 companies with foreign capital have been established during the first four months of 2024, going up by 0.9% when comparing to the similar period of 2023, according to the centralized data from the National Trade Registry Office (ONRC).The 2,308 new companies had a total subscribed capital of more than USD 12.4 million, an increase of 46.4% compared to the subscribed capital of companies registered in January - April 2023, of USD 8.47 million.In April 2024, 633 companies with foreign participation were registered (+32.7% compared to the same month in 2023), with a subscribed capital of 2.17 million RON (+37.8%). Depending on the fields of activity, the most registrations were registered in wholesale and retail trade, car and motorcycle repair (35.23% of the total), professional, administrative, scientific and technical activities (17.06% of the total) and transport, storage and communications (15.32%).At the end of April 2024, there were 253,534 companies with foreign participation in the share capital in Romania. The value of the subscribed capital was over USD 70.58 billion.The largest number of companies with foreign participation was with investors from Italy, respectively 53,077 (subscribed capital of approximately USD 3.37 billion), but the highest value of the share capital belongs to Dutch companies, respectively USD 13.063 billion, in 6,146 of companies.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
