The direct investments of non-residents in Romania increased by over 220 pct in the first ten months of this year, to 6.881 billion euros, compared to 2.130 billion euros in the period January - October 2020.According to a press release of the National Bank of Romania, sent on Tuesday, the equity participations (including the estimated net reinvested profit) amounted to a net value of 5.412 billion euros, and the intragroup loans recorded a net value of 1.469 billion euros.The data centralized by the National Trade Register Office (ONRC) show that the number of companies with foreign capital newly established in Romania increased, in the first ten months of 2021, by 43.6 pct, compared to the same period in 2020, to 4,726 units.The 4,726 new companies had a subscribed share capital in the total amount of USD 36,028 million, 91.6 pct higher than that of the companies registered in January - October 2020, of USD 18,808 million.In October 2021, 562 companies with foreign equity participation were registered. Depending on the fields, most registrations were registered in professional, administrative, scientific and technical activities (26.33 pct), wholesale and retail trade, car and motorcycle repair (25.27 pct of the total) and construction (13.7 pct).At the end of October 2021, there were 235,702 companies in Romania with foreign participation in the share capital. The value of the subscribed capital stood at USD 64.5 billion.The largest number of companies with foreign participation was with investors from Italy, respectively 50,433 (subscribed capital of 3.903 billion dollars), but the highest value of the share capital belongs to Dutch firms, respectively 12.715 billion dollars, in 5,647 companies.
The HALO Events Center in Bucharest is set to open the largest event space in Europe equipped with a 360° panoramic LED display within the Romexpo complex. The new location is designed for large-scale, fully digitalized events, and it is the result of an EUR 4 million investment. The venue has a maximum indoor capacity of […]
The concept of the mega-project DraculaLand, a privately funded development exceeding EUR 1 billion that aims to become the largest entertainment, retail, and technology destination in Europe, was recently unveiled. The investment is planned for a 160-hectare site not far from Bucharest and aims to position Romania as a new global hub for large-scale entertainment, […]
FEPRA has opened new PET and glass recycling facilities in Brad, Hunedoara county, an initiative expected to boost the recycling capacity of both the region and Romania. The two units, inaugurated on December 1 in the presence of local authorities, come as Brad–Hunedoara continues to search for long-term economic alternatives after years of industrial decline. […]
Ukraine’s Security Service, or SBU, announced on Wednesday, December 3, that all its “Sea Baby” maritime drones engaged in operational missions in the Black Sea region have been identified, that it has not lost any of them, and that none entered Romanian territorial waters. The announcement came after Romania’s Defense Ministry said in a press […]
Rescuers part of the Brașov County Salvamont Service spent the night in the Bucegi Mountains on Wednesday to Thursday, December 3-4, to continue searches for missing 18-year-old British citizen George Smyth. In the morning, the team of 17 mountain rescuers who slept in a chalet resumed the search in the Țigănești area despite difficult conditions […]
Roughly nine in ten Romanian employers plan to award Christmas benefits to their staff this year, according to a new survey conducted by leading online recruitment platform eJobs. The findings show that 89.7% of employers have prepared holiday perks for December, while 10.3% reported having no budget available for this purpose. As in previous years, […]
