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.
The Bucharest Tribunal ruled last Friday, April 26, that the trial of Andrew Tate and his brother Tristan could start. The two are accused of forming an organized criminal group, human trafficking, and rape. The preliminary chamber judge found the legality of the indictment and rejected several requests and exceptions formulated by the lawyers of […]
During a major event that brought together national and international medical professionals, Siemens Healthineers announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology designed to improve diagnostic capabilities and increase efficiency in patient care. Dominik Panwinkler, MR Business Manager CEECA at Siemens Healthineers, highlighted some of the advantages […]
The demand for skilled and unskilled workers is 10%-20% lower than it was last year, the experts are less inclined to change their jobs, and the contraction in the IT market already visible in the UK and western Europe is reaching Romania to some extent, according to Alexandra Peligrad, CEO of Smartree human resources company. […]
Sorina Pintea, former Social Democrat (PSD) member of the Parliament (2016-2017) and later minister of health (2018-2019), was sentenced to 3 years and six months of jail with execution for bribe-taking by a ruling given by Cluj Court on April 26. The decision is not final and can be appealed,
Banca Transilvania, OTP Bank, and Exim Banca Romaneasca won in court against the consumer protection body ANPC on the loan repayment formula, bringing to five the number of financial institutions that invalidated ANPC’s decisions, Profit.ro...
BayWa RE Romania, the Romanian subsidiary of the renewable energy division of the conglomerate of agricultural cooperative associations BayWa from Germany, plans to build its first photovoltaic park in Romania starting next year, according to
