Newly established foreign capital companies, more by almost 5 pc in Q1

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The number of newly established foreign capital companies increased by 4.6 percent in the first quarter, compared to the same period of the previous year, to 1.388 units, according to the National Trade Register Office (ONRC) data.

They had a subscribed capital of more than USD 13.9 million, up 45 percent compared to January-March 2016.

ONRC showed that Romania had in 2016 the weakest year in the last 18 years as regards the newly set up companies with foreign capital.

Last year 5,348 such firms were established, down from 5,831 units in 2015. After 1991, most companies were founded in 2007, when over 15,000 such units were recorded. At the opposite end, the fewest were set up in 1995, respectively 3,400.

The total share capital value of the 5,348 companies amounts to USD 40 million, 1.4 percent more than in 2015.

During 1991 – 2016 period, 209,814 companies with foreign capital were established, the total value of subscribed share capital stood to over EUR 44.8 billion.

Out of the 209,814 companies, 43,627 have Italian capital, but the Dutch companies had the greatest share capital value, EUR 8.71 billion respectively, almost 4,919 companies.

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