Newly established foreign-own companies, up by 8.5 pc at end-May

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The number of newly established foreign capital companies increased in the first five months of this year by 8.5 percent compared to the same period of 2016, to 2,406 units, according to the data released by the National Trade Register Office (ONRC).

The 2,406 new companies had a subscribed capital totaling over USD 16.7 million, up by 8.7 percent compared to January – May 2016.

As for May 2017, compared to the same month last year, the number of newly established companies increased by 4.6 percent to 581 firms.

Romania recorded in 2016 the weakest year in the last 18 years in terms of newly established foreign capital companies. Last year, 5,348 such companies were set up, down from 5,831 units in 2015. After 1991, most companies were set up in 2007, when more than 15,000 such firms were registered. On the opposite side, the lowest were recorded in 1995, 3,400 respectively.

The total share capital of the 5,348 firms amounts to USD 40 million, up 1.4 percent over 2015.

During 1991-2016, 209,814 companies with foreign participation in the capital were set up, the total amount of the subscribed share capital exceeding EUR 44.8 billion.

Of the 209,814 companies, 43,627 have Italian capital, but the highest share capital belongs to Dutch companies, namely EUR 8.71 billion, in about 4,919 firms.

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