Direct investments by non-residents in Romania fell to EUR 6.313 billion in the first 11 months of 2023, from EUR 9.547 billion in the period January-November 2022, according to data from the National Bank of Romania (BNR) published on Friday."Non-residents' direct investments in Romania totalled EUR 6,313 million (compared to EUR 9,547 million in the period January - November 2022), of which equity holdings (including estimated net reinvested earnings) totalled a net value of EUR 5,996 million and intra-group loans recorded a net value of EUR 317 million," the BNR release said.The number of newly established foreign-owned companies in Romania decreased by 6.2% in the first 11 months of this year compared to the same period in 2022, to 6,447 units, according to data centralized by the National Trade Register Office (ONRC).The 6,447 new companies had a total subscribed share capital of USD123.435 million, up 3.24 times compared to the subscribed capital of companies registered between January and November 2022 of USD 38,105 million.At the end of November 2023, there were 250,663 companies in Romania with foreign participation in the share capital. The value of the subscribed capital stood at almost USD 69.289 billion. The largest number of companies with foreign participation was with investors from Italy, namely 52,677 (subscribed capital of USD 3.21 billion), but the highest value of share capital belonged to Dutch companies, namely USD 12.907 billion, in 6,073 companies.
JUNE agency becomes the communication partner for Generatik, the digital platform for planning mall advertising campaigns, launched by Brand Management. The partnership between the two teams is not only about visibility, but also about the responsibility of bringing to the forefront a product that redefines the way brands plan their presence in shopping malls. Together, […]
Cargus has announced an investment of over EUR 500,000 in a new logistics hub in Drobeta-Turnu Severin, marking a significant expansion of its operations in southwestern Romania. The courier company, one of the leading players in the local market, is relocating to a newly built facility that doubles the size of its previous hub in […]
Milk Teeth (Dinți de lapte), the second fiction feature written and directed by Romanian filmmaker Mihai Mincan, will have its world premiere in the competitive Orizzonti section of the 82nd Venice International Film Festival, taking place between August 27 and September 6. The official selection was announced Tuesday, July 22, during the festival’s press conference. […]
Real estate developer Forte Partners announced the start of construction on the office component of U Center 3, a EUR 100 million investment in Bucharest, following the issuance of the building permit at the end of June 2025. The residential part of the final phase of the U Center project will begin in 2026. Following […]
More than half of Romanians believe the communist regime was more of a good thing for Romania, with nearly 56% saying more positive than negative developments occurred under communism. The finding comes from a new INSCOP Research survey commissioned by the Institute for the Investigation of Communist Crimes and...
Energy group Hidroelectrica has signed the contract for its first floating photovoltaic project, Nufārul, marking a major step in Romania’s renewable energy development. The signing took place on Monday, July 21, and involves an investment of RON 39.25 million (around EUR 7.75 million, excluding VAT). Developed by Waldevar SRL, Marine Research, DHI-SW Project SRL, and […]
