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.
Romanian far-right leaders George Simion (AUR) and Anamaria Gavrilă (POT) have announced their candidacies for Romania’s 2025 presidential election following the invalidation of Călin Georgescu’s bid. The two politicians stated that only one of them would remain in the race after their candidacies are officially validated. Simion, the leader...
The Education Ministry has established a partnership with the National Audiovisual Council (CNA) to draft a guide on combating illegal content online, part of a series of measures aimed at tackling pseudoscience and manipulation, the institution announced. The guide is meant to be shared with and discussed in schools and universities in the country. "We […]
Soprano Angela Gheorghiu, one of the brightest stars of the international opera scene, is celebrating 35 years of excellence in music with a grand anniversary concert on September 7 at Arenele Romane in Bucharest. Tickets have been put up for sale online. The concert will feature an exceptional lineup of performers, including tenor Jonathan Tetelman, […]
Despite a climate of economic and political uncertainty, Romania's land market remained stable in 2024, with transaction volumes reaching nearly EUR 450 million, a figure close to 2023's total. Colliers' annual report reveals that Bucharest and its metropolitan area continued to dominate, accounting for 80% of total transactions, while residential projects made up 70% of […]
February has been an active month for Romania's fiscal and economic landscape, with significant announcements and regulatory updates that businesses, particularly those in public affairs and legal departments, should closely follow. IMF and World Bank: Stability, Not Austerity Finance Minister Tánczos Barna provided reassuring news following meetings with IMF and World Bank representatives. Contrary to […]
Rural buyers fuel growth through progressive adoption Over 60% of customers have more than 5 years of experience in online shopping Beauty, Fashion, Footwear, Pharma, and Electronics are the most popular categories €857 is the average annual spending of an online customer MerchantPro launches...
