The direct investments of non-residents in Romania totaled 9.399 billion euros in the first 10 months of this year, higher by 20.59% compared to the 7.794 billion euros from January to October 2021, according to the data published on Wednesday by the National Bank of Romania (BNR)."The direct investments of non-residents in Romania totaled 9.399 billion euros (compared to 7.794 billion euros in the period January - October 2021), of which equity participations (including the estimated net reinvested profit) totaled a net value of 6.617 billion euros, and the intragroup loans recorded a net value of 2.782 billion euros," informs BNR.The number of companies with newly established foreign capital in Romania increased, in the first ten months of 2022, by 30.7%, compared to the similar period in 2021, to 6,175 units, according to the data centralized by the National Trade Registry Office (ONRC).The 6,175 new companies had a subscribed capital in the total amount of 35.060 million dollars, 2.7% lower than that of the companies registered between January and October 2021, of 36.028 million dollars.In October 2022, as many as 652 companies with foreign participation in the share capital were registered.Depending on the fields of activity, the most registrations were registered in September in wholesale and retail trade, car and motorcycle repair (24.69% of the total), professional, administrative, scientific and technical activities (21.78%), and transport, storage and communications (17.18%).At the end of October 2022, there were 243,022 companies with foreign participation in the share capital in Romania. The value of the subscribed capital was 67.162 billion US dollars.The largest number of companies with foreign participation was with investors from Italy, respectively 51,579 (subscribed capital of 4.009 billion dollars), but the highest value of social capital belongs to Dutch companies, respectively 12.599 billion dollars, in 5,842 companies.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
