The number of newly established companies running on foreign capital in Romania increased in January 2024 by 0.4%, compared to the same period in 2023, to 481 units, according to data centralized by the National Trade Register Office (ONRC).The 481 new companies had a total subscribed share capital of USD 2.958 million, up 28.1% from the subscribed capital of companies registered in January 2023, of USD 2.309 million.By fields of activity, most registrations were in wholesale and retail trade, auto and motorcycle repair (25.99% of the total), professional, administrative, scientific and technical activities (19.13% of the total) and transportation, warehousing and communications (16.42%).At the end of January 2024, there were 251,707 companies in Romania running on foreign capital. The value of subscribed capital stood at almost USD 70.092 billion.The highest number of companies running on foreign capital had investors from Italy, namely 52,818 (subscribed capital of USD 3.346 billion), but the highest value of share capital belonged to Dutch companies, namely USD 13.019 billion, in 6,098 companies.
The American Independent Film Festival (AIFF) returns for its 8th edition in Romania next month, showcasing films from June 7 to 13 in Bucharest and, for the first time this year, in the magical setting of Bran Castle on June 7 and 8. For the first time in the festival's history and that of the famous Bran […]
Romanian president Klaus Iohannis recently approved a law stipulating that persons with disabilities will have unrestricted access to public transportation, shops, and other spaces with guide dogs. The law, initiated by deputy Oana Țoiu and senator Silvia Dinică, was adopted by Parliament in mid-April. "From now on, people with disabilities can be accompanied by guide […]
Voxa, the leader among audiobook and e-book streaming applications in Romania, has embarked on an international journey by extending its operations in Italy. Starting on May 15, the service will be available to Italian listeners with a library of over 100,000 titles in Italian and English. By the end of the year, Voxa plans to […]
Premier Restaurants Romania, the operator of local McDonald's restaurants, said it plans to open seven new locations in 2024. At the same time, it will continue the modernization and digitization projects of existing restaurants. In 2023, Premier Restaurants opened six restaurants in Bucharest, Botoșani, Drobeta-Turnu Severin, Craiova, Pitesti, and Dumbrăvița and continued remodeling and digitization […]
Last year, internet users in Romania registered an average download speed of 587 Mbps for fixed cable internet, an increase of approximately 10% compared to 2022, and an average upload speed of 548 Mbps, an increase of 20%, according to statistics compiled by ANCOM based on tests conducted on the Netograf platform. There was also […]
Bucharest hosts the 12th edition of the Global Forum on Modern Direct Democracy this week, from May 15 to 18. The event features dozens of electoral debates and sessions on multiple topics related to the level of trust in democracy, attracting participants from around the world. The Global Forum on Modern Direct Democracy is a […]
