Number of new companies with foreign capital in Romania jumps 33% in Jan-Sept

The foreign capital of the new companies was 6.2% lower on the year at a total $31 billion (31.66 billion euro) in the review period, according to data published by the Trade Office Registry on Friday.

In September alone, 692 companies financed with foreign capital were registered in Romania, up 25% on the year.

Most new companies established in September are active in professional, administrative, scientific, and technical activities, wholesale and retail trade, car and motorcycle repair and transport, storage, and communications.

On Sunday, Romanian prime minister Nicolae Ciuca said in a post on social media that most new companies with foreign participation established in September were set up by Italian investors, while most new capital is from Dutch-owned companies.

Foreign direct investment (FDI) into Romania in the first eight months of 2022 rose by 46% on the year to 6.474 billion euro, data from the country’s central bank has shown.

The foreign investors’ council in Romania (FIC) said in October that despite current economic and geopolitical challenges, investor sentiment is moderately optimistic. The latest results of the FIC Business Sentiment Index closely track those from this year’s March edition, but reveal a more cautious outlook regarding new investments compared to last year’s edition, FIC said in a statement.

($=1.0213 euro)