Direct investments by non-residents in Romania amounted to 3.230 billion euros in the first four months of this year, up 34.14% compared to 2.408 billion euros in the similar period of 2023, according to data published on Thursday by the National Bank of Romania (BNR)."Equity investments (including estimated reinvested profit) amounted to a net value of EUR 3.014 billion, and intra-group loans recorded a net value of EUR 216 million," the press release also says.According to the BNR, the current account of the balance of payments registered, between January and April 2024, a deficit of 6.576 billion euros, 26.68% higher compared to that of 5.191 billion euros in the period January - April 2023.According to data centralized by the National Trade Register Office (ONRC), , a number of 2,308 companies with foreign capital were established in Romania in the first four months of 2024, up by 0.9% compared to the similar period of 2023.The 2,308 new companies had a total subscribed capital of more than 12.4 million dollars, an increase of 46.4% compared to the subscribed capital of companies registered in January - April 2023, of 8.47 million dollars.At the end of April 2024, there were 253,534 companies with foreign participation in the share capital in Romania. The value of the subscribed capital was over 70.58 billion dollars.The largest number of companies with foreign participation was with investors from Italy, respectively 53,077 (subscribed capital of approximately 3.37 billion dollars), but the highest value of the share capital belongs to Dutch companies, respectively 13.063 billion dollars, in 6,146 of companies.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
