Direct investments by non-residents in Romania fell to EUR 6.313 billion in the first 11 months of 2023, from EUR 9.547 billion in the period January-November 2022, according to data from the National Bank of Romania (BNR) published on Friday."Non-residents' direct investments in Romania totalled EUR 6,313 million (compared to EUR 9,547 million in the period January - November 2022), of which equity holdings (including estimated net reinvested earnings) totalled a net value of EUR 5,996 million and intra-group loans recorded a net value of EUR 317 million," the BNR release said.The number of newly established foreign-owned companies in Romania decreased by 6.2% in the first 11 months of this year compared to the same period in 2022, to 6,447 units, according to data centralized by the National Trade Register Office (ONRC).The 6,447 new companies had a total subscribed share capital of USD123.435 million, up 3.24 times compared to the subscribed capital of companies registered between January and November 2022 of USD 38,105 million.At the end of November 2023, there were 250,663 companies in Romania with foreign participation in the share capital. The value of the subscribed capital stood at almost USD 69.289 billion. The largest number of companies with foreign participation was with investors from Italy, namely 52,677 (subscribed capital of USD 3.21 billion), but the highest value of share capital belonged to Dutch companies, namely USD 12.907 billion, in 6,073 companies.
Energy group Hidroelectrica has signed the contract for its first floating photovoltaic project, Nufārul, marking a major step in Romania’s renewable energy development. The signing took place on Monday, July 21, and involves an investment of RON 39.25 million (around EUR 7.75 million, excluding VAT). Developed by Waldevar SRL, Marine Research, DHI-SW Project SRL, and […]
The National Anti-Corruption Directorate (DNA) conducted a series of raids on Tuesday, July 22, as part of a criminal investigation into alleged corruption involving Cristian Popescu Piedone, the head of the National Authority for Consumer Protection (ANPC). Prosecutors suspect Piedone of tipping off a business in advance of an inspection, according to Biziday.ro. The investigation...
Social Democratic Party (PSD) president Sorin Grindeanu has firmly denied rumours that the party intends to leave Romania's ruling coalition, dismissing such claims as baseless and criticising those spreading them. His statement came during a press conference on July 21, amid growing internal tensions over the government's fiscal decisions, particularly the suspension of funding for […]
Romanian prime minister Ilie Bolojan has offered assurances that public investment projects already in advanced stages under the Anghel Saligny National Programme will continue, despite the government’s decision to halt broader funding for the scheme due to budgetary constraints. His statement was made during an interview on B1 TV on July 21, following a wave […]
The Social Democratic Party (PSD) of Romania will propose a new 0.5% turnover tax to apply to companies that currently pay profit tax, PSD president Sorin Grindeanu announced during a press conference on July 21, Economica.net reported....
The chain of medical clinics operated by the European medical group Affidea expanded to 74 after it acquired three new clinics in Otopeni, Miercurea Ciuc, and Braila. The national chain now covers 32 cities, according to a group's press release. "The Affidea Romania investment plan for 2025 will exceed EUR 100 million, which will be […]
