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.
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
