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.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
