Number of newly established companies with foreign capital up by 9.3pc in H1

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The number of newly established companies with foreign capital has increased by 9.34% in the first half of this year to 2,938 units, according to the National Trade Register Office (ONRC) data.

The 2,948 new companies had subscribed capital worth over USD 18.1 million, down by 7.72% as compared to January-June 2016.

In June 2017 against the same month last year, the number of newly established companies increased by 13% to 532 firms.

Romania registered in 2016 the weakest year in the past 18 years in terms of newly established companies with foreign capital. Last year 5,348 such companies were set up, down from 5,831 firms in 2015.

After 1991, the most newly set up companies with foreign capital were registered in 2007 with more than 15,000 firms. At the opposite end, the least companies set up were in 1995, i.e. 3,400 firms.

The value of the 5,348 companies’ share capital is USD 40 million, by 1.4% more than 2015.

During 1991-2016 were established 209,814 companies with foreign capital, having share capital worth more than EUR 44.8 billion. Of the 209,814 companies, 43,627 have Italian capital, however the largest share capital belongs to the Dutch companies – EUR 8.71 billion for 4,919 firms.

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