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.
“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square. Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
