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 RO e-Transport system is a key component of the digitisation effort of the National Agency for Fiscal Administration (NAFA). Launched as part of an extensive strategic plan, this system is fundamental to modernising and streamlining tax processes in Romania. By implementing the RO e-Transport system, NAFA's main objective is to reduce the VAT gap […]
Romania recently sent aid to the Gaza Strip through the maritime corridor from Cyprus and the new jetty constructed by the US in the northern part of the Palestinian enclave. The country is also set to receive and treat Palestinian children. Romania’s aid, which includes over 88,000 canned food items, is part of the effort […]
Bucharest mayor Nicușor Dan received donations amounting to EUR 400,000 in the pre-electoral campaign, out of which EUR 100,000 from the Save Romania Union (USR), he explained at a press conference where he evaluated his mandate. Dan is running as an independent for a second mandate, backed by the United Right Alliance (ADU), made up of the […]
Romania’s Financial Supervisory Authority (ASF) has withdrawn the operating license of FAST Brokers after the company's head was arrested. Last year, the brokerage company won a three-year bid with the Romanian Army. Additionally, FAST Brokers won, as the sole bidder, the life insurance policies for Navy soldiers, valid until October 27, 2025. To motivate its decision, […]
The airport serving Oradea, in northwest Romania, inaugurated a new terminal on Saturday, May 18. Covering an extended area of 12,500 sqm, it doubled the airport’s capacity to 800 passengers per hour. Under the same project, digitized systems were introduced to facilitate passenger and baggage processing, a smart building management system was implemented, and the […]
A ship navigating under the Tanzanian flag sank on Saturday morning, May 18, in the Black Sea, after colliding with another 26 nautical miles from the Romanian coast. Eight crew members were rescued, but three were reported missing. At the time this news was published, the searches were suspended. The representatives of the Constanţa Court […]
