Foreign direct investment in Romania increased by 9.4% in the first quarter of 2022, to 2.297 billion euros, as against 2.099 billion euros in the first quarter of 2021, according to data with the National Bank of Romania (BNR)."Non-residents' direct investment in Romania totalled EUR 2,297 million (compared with EUR 2,099 million in January - March 2021), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 1,935 million and EUR 362 million, respectively," according to the BNR statement.The number of start-ups running on foreign capital in Romania increased by 32.7% in the first three months of 2022, y-o-y, to 1,640 units, according to data with the National Companies Register Office (ONRC).The 1,640 new companies had a total paid-up share capital of 10.022 million US dollars, 18.6% less than that of the companies registered in January-March 2021, of 12.316 million US dollars.In March 2022, 663 companies with foreign shareholders registered. Most of the new companies were operating in wholesale and retail trade, car and motorcycle repair (23.38% of the total), professional, administrative, scientific and technical activities (21.72%), and transport, storage and communications (15.6%).As of end-March 2022, there were 238,487 companies in Romania running on foreign capital. The value of their paid-up capital was 66.362 billion US dollars.The largest number of such companies - 50,871 (subscribed capital of 3.98 billion US dollars) - had investors from Italy, but the highest value of the share capital belongs to Dutch companies, 12.416 billion US dollars, in 5,734 companies.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
