The number of newly established companies with foreign capital in Romania increased, in the first ten months of 2022, by 30.7 pct, compared to the similar period in 2021, to 6,175 units, according to the data centralized by the National Trade Registry Office (ONRC).The 6,175 new companies had a subscribed capital in the total amount of 35.060 million dollars, 2.7 pct lower than that of the companies registered between January and October 2021, of 36.028 million dollars.In October 2022, 652 companies with foreign participation in the share capital were registered.By business, the most registrations were registered in September in wholesale and retail trade, car and motorcycle repair (24.69 pct of the total), professional, administrative, scientific and technical activities (21.78 pct), and transport, storage and communications (17.18 pct).At the end of October 2022, there were 243,022 companies with foreign participation in the share capital in Romania. The value of the subscribed capital was 67.162 billion dollars.The largest number of companies with foreign participation was with investors from Italy, respectively 51,579 (subscribed capital of 4.009 billion dollars), but the highest value of social capital belongs to Dutch companies, respectively 12.599 billion dollars, in 5,842 companies.
The share of companies predicting a reduction in the number of employees in the upcoming year has increased to 11% in January 2025 from 2% same time last year, according to the HR Barometer survey conducted by PwC Romania. Fiscal measures taken by the government to reduce the budget deficit, such as the elimination of […]
The Veranda Mall shopping center, located near Bucharest’s busy Obor market, is up for sale and has reportedly caught the interest of real estate investors AFI Europe and M Core, Profit.ro reported. The mall is currently owned by the Pogonaru...
Romanian prime minister Marcel Ciolacu announced that a team of lawyers contracted by the government managed to block the sale of the painting Saint Sebastian by the renowned artist El Greco, which is part of Romania’s heritage. Ciolacu added that earlier this month, the government mandated lawyers to pursue the recovery through legal proceedings at […]
Romania’s eMAG and HeyBlu, a financial services company owned by the eMAG group, have announced the acquisition of Orange Money by taking over 100% of its shares. The transaction is part of eMAG’s strategy to expand and diversify its financial services, the company said. “The acquisition of Orange Money is part of eMAG’s strategy to […]
The Romanian Olympic and Sports Committee (COSR) announced the team for the European Youth Olympic Winter Festival (EYOF) Bakuriani 2025, which will take place in Georgia from February 9 to 16. Twenty athletes will compete in four disciplines, namely biathlon, alpine skiing, cross-country skiing, and snowboarding. The biathlon team comprises eight athletes, evenly split between […]
Only 28% of teenagers in Romania aged 11-15 engage in the minimum required level of physical activity and sports to maintain good health, according to a study conducted by the World Health Organization cited on High5 Podcast. Additionally, only 23% of them perform sufficient moderate and intense physical activities for their stage of development, which […]
