The direct investment of non-residents in Romania decreased to 6.1 billion euros in the first 10 months of this year, from 9.5 billion euros in the period January - October 2022, according to the data of the National Bank of Romania, published on Thursday."The direct investment of non-residents in Romania were 6.148 billion euros (compared to 9.529 billion euros in the period January - October 2022), of which equity investment (including the estimated net reinvested profit) amounted to a net value of 6.078 billion euros, and the intra-group loans recorded a net value of 70 million euros," the BNR press release reads.The number of companies with newly established foreign capital in Romania decreased by 5.3%, in the first ten months of this year, compared to the similar period in 2022, to 5,850 units, according to the data centralized by the National Trade Registry Office (ONRC).The 5,850 new companies aggregated a subscribed capital in the total amount of 120.927 million dollars, an increase of almost 3.5 times compared to the subscribed capital of companies registered in the period January-September 2022, of 35.06 million dollars.In October 2023, 608 new companies with foreign participation in the social capital were registered. By fields of activity, most companies were registered in wholesale and retail trade, car and motorcycle repair (30.92pct), professional, administrative, scientific and technical activities (21.38pct of the total) and transport, storage and communications (13.16pct).At the end of October 2023, there were 250,066 companies with foreign participation in the share capital in Romania. The value of the subscribed capital was almost 69.11 billion USD.The largest number of companies with foreign participation was with investors from Italy, respectively 52,601 (subscribed capital of 3.42 billion USD), but the highest value of the share capital belongs to Dutch companies, respectively 12.847 billion USD, in 6,055 companies.
The Romanian Parliament's Chamber of Deputies greenlit a request from opposition parties Alliance for the Union of Romanians (or AUR), SOS Romania, and the Party of Young People (or POT) to establish an inquiry commission into the October 17 explosion at the residential building in southern Bucharest. Three people died in the blast, which was […]
Two new studies centering on Romanians’ purchasing habits in connection with the yearly discount event known as Black Friday show a starkly different image compared to previous years. The findings suggest Romanians traded impulsivity for strategic planning. According to the latest Cargus survey conducted among 1,036 urban respondents, seven in ten Romanians are tracking desired […]
Colorful foliage, tranquil surroundings, and plenty of nature to explore: from mountain towns to wine-country escapes, we've selected below several options for an autumn break. Buzău Land This area, located in the southeastern part of the country, in the Carpathian bend, has been a UNESCO Geopark since 2022. It's a completely rural area that offers […]
Beyond Business School, founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, today announced the launch of the 3rd edition of its executive program in Bucharest. Designed for ambitious professionals ready to accelerate their careers, the program combines internationally accredited courses, hands-on business training, and direct access...
The sound of jazz will once again fill Oradea this November as the ORA Jazz Festival returns for its sixth edition, bringing together artists from across Europe and beyond. The festival will take place between November 14 and 16 at the Oradea State Philharmonic and the Sion Neolog Synagogue. This year’s edition features performers from […]
Allianz-Țiriac Asigurări announces the appointment of Codruța Furtună, currently Sales and Distribution Director, as Deputy Chief Executive Officer. The nomination has been approved by the Financial Supervisory Authority (ASF) and will be registered with the National Trade Register Office. Codruța Furtună will continue to oversee the Sales and Distribution area in Allianz-Țiriac, playing a key […]
