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.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
