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.
Chances are slim for the Social Democratic Party (PSD) to pull out of the ruling coalition this year, maybe only if something extraordinary happens, according to a leading member of the party consulted by Hotnews.ro. The party is again exploring options after its...
The Romanian Senate on December 8 overwhelmingly rejected the president's objections to the bill on combating extremism, also known as the Vexler law. There were 75 votes for maintaining the amendments referred by president Nicusor Dan to the Constitutional Court in a first step and then returned to lawmakers for a second review,
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Franklin Templeton, the long-time manager of Fondul Proprietatea (FP), has formally notified the Bucharest Stock Exchange that it is now willing to negotiate a new four-year mandate, reversing its earlier decision to withdraw from the administrator selection process. According to the announcement, Franklin Templeton International Services - FP's alternative investment fund manager (AIFM) and sole […]
OMV Petrom, which, together with Romgaz, is the concessionaire of the Neptun Deep perimeter in the Black Sea, which will bring the first gas from the 100 billion cubic meter deposit to Romania, has submitted the environmental documentation for a new deep-sea drilling in Neptun Deep, which will see if there are additional gas resources […]
Bucharest-listed Premier Energy (BVB: PE), controlled by Jiří Šmejc-funded Emma Capital, in a conference with investors on December 8, announced plans to build a new 20 MW power plant in Romania, in Brăila, while evaluating the opportunity of another project, according to Economica.net....
