Non-residents' direct investment in Romania shrank to EUR 5,080 million at the end of August 2023, from EUR 7,421 in January - August 2022, according to data with the National Bank of Romania (BNR) published on Friday.Equity (including estimated net reinvestment of earnings) and intercompany lending posted net values of EUR 5,477 million and EUR 397 million, respectively.According to data with the National Companies Registry Office (ONRC), the number of start-ups running on new foreign capital established in Romania decreased in the first seven months of 2023 by 2.2%, y-o-y, to 4,037.The 4,037 start-ups' subscribed capital totalled USD 22.422 million, almost similar to USD 22.403 million in January-July 2022..In July 2023, 544 start-ups running on foreign capital were registered. Most registrations were in professional, scientific and technical activities (23.71% of the total); wholesale and retail trade, car and motorcycle repair (23.35%), and transport storage and communications (17.1%).At the end of July 2023, there were 248,252 companies running on foreign capital in Romania. The value of the subscribed capital was USD 68.693 billion.Most of the companies running on foreign capital were started up by investors from Italy, 52,363 of a subscribed capital of USD 4.047 billion, but the highest value of share capital belongs to Dutch companies: USD 12.847 billion in 5,997 companies.
Almost 180 magistrates in Romania joined an action group denouncing the compromised judicial system in the country, allegedly controlled by High Court president Lia Savonea, after judge Raluca Morosanu publicly confirmed the allegations expressed by Laurentiu Besu in the "Captured Judiciary" documentary released by investigative platform
Romania has confirmed its first case of leprosy in more than 40 years, with three other suspected cases currently under clinical and microbiological investigation, health minister Alexandru Rogobete announced on Thursday, December 11. All four individuals are women from Asia who were employed as masseuses at a spa salon in Cluj-Napoca. The first two patients, […]
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
