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.
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value, has appointed Romanian Marius Barbu as Chief Operating Officer (COO) with effect from April 1, 2026. He will succeed Marek Noetzel, current COO and CEO-designate. Barbu has also been nominated as a Board Director and will stand for election at the […]
