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.
Romanian defense minister Ionuț Moșteanu resigned on Friday, November 28, after a scandal regarding inconsistencies in his resume triggered by a journalistic investigation. The controversy erupted after Libertatea reported that Moșteanu had falsely claimed in his first...
AnimaWings, the Romanian airline founded in 2020, has introduced new all-inclusive service packages on both international and domestic flights, marking what the company describes as a first in its onboard offering. The packages, named Priority All Inclusive and Priority All Inclusive Plus, combine baggage, meals, drinks, premium seating, and airport priority services into a single […]
Property developer M Core has opened M Park Orăștie, a new retail park developed on a 23,000 sqm plot in an established commercial area of the Romanian city. The project delivers around 5,500 square meters of single-level retail space, designed to accommodate a mix of fashion, homeware, electronics, and everyday essentials retailers. The company said […]
More than 80% of the electricity production capacity of the new nuclear reactors in the works in Romania could power a Black Sea AI Gigafactory project, according to a plan laid out by the government. Romania has already secured financing and partners to develop units 3 and 4 at the Cernavodă nuclear power plant, with […]
The Institute for the Investigation of the Crimes of Communism and the Memory of Romanian Exile (IICCMER) has issued a public appeal to president Nicuşor Dan and prime minister Ilie Bolojan to demonstrate “firmness in decision-making” in order to counter what it describes as an “increasingly insidious phenomenon of pro-totalitarian nostalgia,”
AFI Romania, part of the leading real estate development, management, and investment company operating across Central and Eastern Europe, AFI Group, announced that it secured a EUR 537 million refinancing package for three major projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. The three projects included in the refinancing are among the […]
