Direct foreign investments dropped 3.11 per cent in the first eight months of this year, compared with the same period of 2017, down to 2.863 billion euros, according to data published by the National Bank of Romania (BNR), published on Monday. “Direct investments of non-residents in Romania totalled 2.863 billion euros, compared with 2.955 billion euros in January-August 2017, out of which equity (including estimated net reinvestment of earnings) totalled 2.517 billion euros and intra-group credits recorded the net value of 346 million euros,” says the BNR release. The number of newly established companies running on foreign capital dropped by 5.14 per cent in the first months of this year, compared with the same period last year, down to 3,748 units, according to data centralized by the National Trade Register Office (ONRC). The 3,748 new companies had a total subscribed capital of 38.8 million US dollars, up 13.8 per cent compared with the period January-August 2017. According to the ONRC, in August were registered 411 companies running on foreign capital, most of them in Bucharest – 182 and the Iasi County – 25, Timis County – 23 and Ilfov County – 23.
The post Direct foreign investments down 3.11 per cent in January-August 2018 appeared first on Nine O clock.
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
