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.
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
