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.
Centura Verde Foundation and the Bucharest City Hall announced the entry of the Bucharest–Ilfov Green Belt project into its operational phase following the signing of the implementation protocol. The agreement represents a key step toward creating a natural buffer zone around Romania’s capital to improve air quality, protect biodiversity, and support sustainable urban development. The […]
Far-right and pro-Russian former presidential candidate and leading figure of the “sovereignist” bloc, Călin Georgescu, demanded the dismissal of the current defense minister and the Romanian military commanders who oversaw the mobilization of reservists for exercises. Georgescu, who was present at the District 1 Court in Bucharest on October 21, said the mobilization was a […]
Mobility company Bolt has launched a new category in Bucharest called Little Bolt, offering passengers cheaper rides in compact electric vehicles. The company says the move supports its plan to reach net-zero carbon emissions by 2040. The new vehicles, which Bolt says are Jinpeng Smart Balance models, can reach speeds of up to 70 km/h […]
Roughly 1,478 people died in road accidents in Romania in 2024, and 19,940 in the entire European Union, according to the latest statistics released by the European Commission. As such, Romania accounted for 7.41% of all traffic deaths in the EU last year. Overall, the EU saw a 2% decrease in road deaths compared to […]
The Ministry of Foreign Affairs (MAE) announced the resumption of consular activities in Odesa through an itinerant format, as part of efforts to reopen the Romanian Consulate General and provide consular assistance and protection to Romanian citizens in the region. Thus, between October 16 and 28, an interim chargé d’affaires is conducting the first itinerant […]
ONV LAW launches Digital Assets & Web3 (Code/Lex), a new practice area dedicated to technology companies and investors operating in cryptoassets, blockchain, and AI. The ONV LAW team provides integrated legal support to technology companies, blockchain startups, Fintechs, AI solution providers, as well as investors seeking expansion in Eastern Europe. The team is led by […]
