Non-residents' direct investments in Romania in the first nine months of 2024 totalled EUR 5,362 million, up 3.69% from the EUR 5,171 million in the similar period one year before, the National Bank of Romania (BNR) informs in a press release sent on Wednesday."Non-residents' direct investments in Romania totalled EUR 5,362 million (compared with EUR 5,171 million in January - September 2023), of which equity (including the estimated reinvestment of earnings) and intercompany lending recorded net values of EUR 4,288 million and EUR 1,074 million, respectively," the release reads.A total of 4,392 companies running on foreign capital were established in Romania in the first nine months of 2024, marking a 16.22% decrease compared to the same period in 2023, according to data compiled by the National Trade Registry Office (ONRC).These 4,392 new companies had a total subscribed share capital of 16.902 million dollars, down by 85.44% compared to the subscribed capital of firms registered in the first nine months of 2023, which amounted to 116.079 million dollars.In September 2024, 428 companies with foreign participation were registered (-29.26% compared to the same month in 2023), with a subscribed capital of 161,200 dollars (-98.08%). In terms of business sectors, the largest number of registrations were in wholesale and retail trade, and auto and motorcycle repair (37.85% of the total), professional, administrative, scientific, and technical activities (17.29% of the total), and transport, storage, and communications (16.12%).At the end of September 2024, there were 269,386 companies with foreign participation in the social capital in Romania. The value of the subscribed capital was over 71.526 billion dollars.The highest number of foreign capital companies was from Italy, with 53,411 companies (subscribed capital of 3.644 billion dollars), but the largest share capital belonged to Dutch companies, with 13.114 billion dollars in 6,186 firms.
More than a dozen individuals, among which bar administrators, bartenders, waiters, and hostesses, have been brought to trial by prosecutors on charges of intoxicating foreign tourists who visited two establishments in the Bucharest Old Town, after which they robbed them or emptied their bank accounts. In total, 16 individuals and two companies have been charged […]
Romanian Major General Florin Barbu is set to take command of the EU’s EUFOR ALTHEA mission in Bosnia and Herzegovina (BiH). As a result, Romania will hold the command of two of the nine military operations and missions conducted under the Common Security and Defence Policy to which it contributes personnel. Aside from holding command […]
The National Chamber Choir "Madrigal – Marin Constantin" will mark Romania's National Culture Day with an extraordinary concert titled MADRIGAL – DESPRE CULTURĂ on Tuesday, January 14, in the Aula Magna of the Patriarchate Palace in Bucharest. Under the baton of conductor Anna Ungureanu, the event will celebrate the richness of Romanian cultural heritage, spanning […]
The top players in tennis will participate in Transylvania Open WTA 250, a tournament that will take place between February 1 and 9, 2025, at BT Arena in Cluj-Napoca, Romania. The list begins with Anastasia Potapova, ranked 35th in the WTA rankings. In 2023, she claimed her second WTA title by winning the Linz tournament, […]
Romania has remained one of the most affordable property markets in Central and Eastern Europe (CEE), with housing prices growing slower than income levels. This trend is in contrast to neighboring countries like Poland, the Czech Republic, and Hungary, which saw significant increases in both property prices and rents, according to Colliers' latest analysis. In […]
Mihai Spulber (picture, right), currently SVP operations and supply chain at Mega Image, will assume the role of brand president at Profi effective July 1, 2025, replacing current CEO Gaetan Pacton. The change at the top comes after Ahold Delhaize, the company behind Mega Image, completed the acquisition of Profi in Romania, welcoming the brand […]
