Non-residents' direct investment in Romania totalled EUR 1,229 million (compared with EUR 1,345 million in January - February 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 1,105 million and EUR 124 million, respectively. according to data published on Friday by the National Bank of Romania (BNR).The number of companies running on foreign capital newly established in Romania decreased in the first two months of 2024 by 8.3%, y-o-y, to 1,084 companies, according to data with the National Companies Registry Office (ONRC).The more than 1,084 start-ups had a subscribed share capital totalling USD 5.866 million, up 5.4% over USD 5.564 million in January-February 2023.In February 2024, 603 companies on foreign capital were registered (down 14.2 y-o-y), of a subscribed capital of RON 2.908 million (down 10.7%). Most of the start-ups operated in wholesale and retail trade, auto and motorcycle repair (25.97 of the total), professional, administrative, scientific and technical activities (21.06% of the total) and transport, storage and communication (17.25%).At the end of February 2024, there were 252,310 companies running on foreign capital in Romania. The value of the subscribed capital stood at almost USD 70.178 billion.The largest number of companies running on foreign capital was opened by investors from Italy, namely 52,901 (subscribed capital of USD 3.418 billion), but the largest value of the share capital belongs to Dutch companies, USD 13.053 billion in 6,117 companies.
“Garden of Memories,” a civic initiative meant to commemorate the 1989 Revolution that led to the fall of communism in Romania, is set to take place between December 19-20 around the Memorial of Rebirth, in Bucharest’s Revolution Square. Organized by the Streets for People Association, together with the Bucharest City Hall and the Museum of […]
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
