The direct investments of non-residents (FDI) in Romania increased by 186.44 pct in the first 11 months of 2021, to 6.866 billion euros, compared to 2.397 billion euros between January and November 2020, according to data from the National Bank of Romania (BNR), submitted on Thursday ."The direct investments of non-residents in Romania amounted to 6.866 billion euros (compared to 2.397 billion euros in the period January - November 2020), of which the equity participations (including the estimated net reinvested profit) amounted to 5.499 million euros, and the intragroup loans recorded a net value of 1.367 million euros," the BNR data said.The number of companies with foreign capital newly established in Romania increased, in the first 11 months of 2021, by 42.2 pct, compared to the same period in 2020, to 5,284 units, according to the data centralized by the National Trade Register Office (ONRC).The 5,284 new companies had a total subscribed share capital of USD 41.109 million, 107.3 pct higher than that of the companies registered in January - November 2020, of USD 19,828 million.In November 2021, 558 companies with foreign participation in the capital were registered. Depending on the business, most registrations were registered in wholesale and retail trade, cars and motorcycles repairs (28.32 pct of the total), professional, administrative, scientific and technical activities (21.15 pct) and construction (12.37 pct).At the end of November 2021, in Romania there were 236,260 companies with foreign participation in the share capital with a value of the subscribed capital standing at USD 64.354 billion.The largest number of companies with foreign participation was with investors from Italy, respectively 50,517 (subscribed capital of USD 3.902 billion), but the highest value of the share capital belongs to Dutch firms, respectively USD 12.441 billion, in 5,656 companies.
This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest […]
VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands, is ready to set the trend of the digital commerce industry in Europe, bringing the most relevant event in the vibrant city of Barcelona. Currently, the ecommerce scenario shows high penetration rates in the main economies. According to a German […]
OMV Petrom, the largest integrated energy producer in southeastearn Europe, and Saint-Gobain Romania, part of Saint-Gobain Group, signed an agreement to supply electricity from renewable sources for all Saint-Gobain facilities in Romania. Based on this agreement, OMV Petrom will supply approximately 800 GWh of green energy to 14 Saint-Gobain locations in Romania over the next […]
“The Romanian market has major potential for insurance in general and for life insurance in particular,” says Benjamin Turquin, CEO of BRD Asigurari de Viata and Country Manager for BRD Asigurari, the commercial brand of BRD Asigurari Generale and BRD Asigurari de Viata. With 83% of the money going into non-life insurance and motor insurance […]
The United States (US) approved the sale of AIM-9X Sidewinder Block II missiles to Romania, the US Embassy to Bucharest announced. Valued at about USD 70 million, the missiles will provide advanced air-to-air capabilities for the country’s F-16 aircraft. The Block II missile contains the most advanced technology of the AIM-9X Sidewinder to date and […]
The Romanian Academy announced the establishment of a Regional Center of Academia Europaea in Bucharest in 2024, an institution that brings together prominent figures in science and art from across Europe. The announcement was made by Ioan-Aurel Pop, president of the Romanian Academy, during the event "The Romanian National Project in the Horizon of the […]
