Non-residents' direct investments in Romania in the first nine months of 2024 totalled EUR 5,362 million, up 3.69% from the EUR 5,171 million in the similar period one year before, the National Bank of Romania (BNR) informs in a press release sent on Wednesday."Non-residents' direct investments in Romania totalled EUR 5,362 million (compared with EUR 5,171 million in January - September 2023), of which equity (including the estimated reinvestment of earnings) and intercompany lending recorded net values of EUR 4,288 million and EUR 1,074 million, respectively," the release reads.A total of 4,392 companies running on foreign capital were established in Romania in the first nine months of 2024, marking a 16.22% decrease compared to the same period in 2023, according to data compiled by the National Trade Registry Office (ONRC).These 4,392 new companies had a total subscribed share capital of 16.902 million dollars, down by 85.44% compared to the subscribed capital of firms registered in the first nine months of 2023, which amounted to 116.079 million dollars.In September 2024, 428 companies with foreign participation were registered (-29.26% compared to the same month in 2023), with a subscribed capital of 161,200 dollars (-98.08%). In terms of business sectors, the largest number of registrations were in wholesale and retail trade, and auto and motorcycle repair (37.85% of the total), professional, administrative, scientific, and technical activities (17.29% of the total), and transport, storage, and communications (16.12%).At the end of September 2024, there were 269,386 companies with foreign participation in the social capital in Romania. The value of the subscribed capital was over 71.526 billion dollars.The highest number of foreign capital companies was from Italy, with 53,411 companies (subscribed capital of 3.644 billion dollars), but the largest share capital belonged to Dutch companies, with 13.114 billion dollars in 6,186 firms.
Romania’s Ministry of Energy published on Monday, August 18, an ordinance designed to establish a Cybersecurity Incident Response Center in Energy. The new center will prepare the country’s energy sector to face expected and complex cyber threats, according to its initiators. The authors of the project say that the liberalization of the national energy market, […]
The Climb Again Center in Nucșoara, Argeș County, Romania’s first facility dedicated entirely to therapy through sport and paralympic training for children and young people with disabilities, is now powered by renewable energy. The project was made possible through a partnership between the Romanian Association for Green Energy and Sustainable Development (AREVDD), part of Simtel […]
Romanian president Nicușor Dan, accompanied by his family, visited the mountain village of Roșia Montană and the Roman galleries there. During the visit, he stressed the need for real tourism projects for the UNESCO site. The area is known for its gold deposits, and became famous in 2013 due to a series of protests against […]
Tunnelling machines completed the first tunnel segment between the future Tokyo and Băneasa Airport subway stations on Tuesday, August 19. The segment is part of the line connecting central Bucharest to its main airports - Băneasa and further on to Otopeni - in the north of the city. Romanian transport minister Ciprian Șerban, who visited the […]
RetuRO, the operator of Romania’s Deposit-Return System - SGR, has launched a pilot project in two of the capital’s parks that lets people leave their bottles, PET containers, and cans in special compartments attached to public trash bins so others can collect them and reclaim the deposit. The initiative, now in place in Kiseleff and […]
UniCredit announced that it finalized the merger of its Romanian subsidiary with Alpha Bank Romania, creating one of the largest financial institutions in the country and marking a new milestone in the group's growth strategy. The newly combined bank has 11% market share in assets, 13% in loans (UniCredit Consumer...
