The number of companies with foreign capital newly established in Romania decreased last year by 4.86%, compared to 2022, to 7,010 units, according to data centralized by the National Trade Register Office (ONRC). The more than 7,000 new companies had a subscribed capital in the total amount of 125.66 million dollars, increasing almost three times compared to the subscribed capital of companies registered in the period January-December 2022, of 45.56 million dollars. In December 2023, 563 new companies with foreign participation in the share capital were registered. Depending on the fields of activity, the most registrations were registered in wholesale and retail trade, car and motorcycle repair (22.38% of the total), professional, administrative, scientific and technical activities (22.02% of the total) and transport, storage and communications (15.99%). At the end of December 2023, there were 251,226 companies with foreign participation in the share capital in Romania. The value of the subscribed capital was almost 69.84 billion dollars. The largest number of companies with foreign participation was with investors from Italy, respectively 52,756 (subscribed capital of 3.31 billion dollars), but the highest value of the share capital belongs to Dutch companies, respectively 13.008 billion dollars, in 6,084 companies.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
