Foreign direct investment dropped 5.74 percent in the first nine months of this year compared to the similar period of 2017, to 3.517 billion euro, according to data released by the National Bank of Romania (BNR) on Tuesday. “The direct investment of non-residents in Romania totaled 3.517 billion euro (as compared to 3.731 billion euro between January and September 2017), of which equity capital (including the estimated reinvested earnings) amounted to 3.152 billion euro, and intra-group loans registered the net value of 365 million euro,” reads the BNR press release. The number of newly established foreign capital companies dropped 4.5 percent in the first eight months of this year, Y-o-Y, to 4,195 units, according to data with the National Companies Registry Office (ONRC). The 4,195 newly established companies had a subscribed capital of more than 40.6 million US dollars, up 15.6 percent as compared to January-September 2017.
The post Foreign direct investment, down 5.74pct in first nine months of 2018 appeared first on Nine O' Clock.
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
President Nicușor Dan said the “rule of law is not negotiable” and stressed that serious problems affecting the justice system can be resolved, as public concern grows following allegations of corruption highlighted in a recent investigative documentary by Recorder titled “Captured Judiciary.” People
Romanian authorities have reportedly confirmed an increase in “super flu” cases in December after the virus caused unprecedented problems in other European countries. In total, over 3,000 flu cases were reported in Romania in just the first week of December, double the number recorded in the previous week (1,504), Euronews Romania reported. The virus is […]
This autumn, a mature linden tree on the campus of the British School of Bucharest (BSB) was relocated to a new position within the school grounds to make space for the development of new sports facilities. The operation, supervised by two UK specialists from Ruskins Trees & Soil Biology Ltd, represents the first such relocation […]
