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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
