BUSINESSCOMPANIESNEWS

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

By Anca Bernovici
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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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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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