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.
ARTEX AG, a Liechtenstein-based company and sole shareholder of ARTEX MTF, a Lichtenstein-based regulated multilateral trading venue, has appointed Claudio Cisullo, Founder and Executive Chairman of the Swiss-based family office CC Trust Group AG, as non-executive Director, effective April 3rd, 2024. ARTEX AG was co-founded by H.S.H. Prince Wenceslas von Liechtenstein and Yassir Benjelloun-Touimi in […]
Prince Paul Phillippe of Romania, one of the country's notorious fugitives, was captured in Malta at a resort where he was on vacation. Paul of Romania has been on the run for nearly four years from the country, where he was sentenced to 3 years and 4 months in prison in the case regarding the […]
Hobița, the village of famous Romanian sculptor Constantin Brâncuși, is at the center of a new temporary exhibition at Art Safari in Bucharest, which opens on Wednesday, May 1, and will be on display until May 19. Art Safari also offers a family program during the Labor Day & Orthodox Easter mini-holiday, open daily from 12:00 […]
The first section of the Transapuseana, a road that crosses Romania's Apuseni Mountains, was recently inaugurated. The section consists of 43 kilometers of county road. The road (DJ 107I), initially known as the 'Transalpina of the Apuseni,' was later renamed Transapuseana. It is the largest investment on a county road in Romania, with a total […]
According to a report from Romania’s National Institute of Statistics, during the period 2020-2022, the proportion of Romanian companies that introduced new or improved products or business processes into the market was 8.8%, a decrease of 1.9% compared to 2018-2020. Business innovation refers to the wide range of activities that enterprises...
SD Worx, a leading European HR and payroll solutions provider, said that it completed the acquisition of Romanian Software SRL, the market leader in Romania for payroll and Human Capital Management (HCM) solutions. Romania thus becomes the 18th European country in which SD Worx has its own proprietary payroll & HR software. SD Worx announced […]
