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August 9th, 2005 Foreign investments up 35% in the first half of 2005
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News - full article
August 9th, 2005
Foreign investments up 35 % in the first half of 2005
The value of the subscribed registered capital in the companies with foreign capital reached in H1 over EUR 890 M, 35% more than the similar period of last year, points out the data of the National Trade Register Office (ONRC).
According to ONRC in 2004’s first
six months the value of the registered capital at the companies with a foreign
capital was EUR 658.3 M. This June, the value of the subscribed registered
capital worth over EUR 194.3 M, by 7,6 times more than the value registered last
year, when there were reported EUR 25.4 M. This month, the most part of the
investment was represented by capital increases, which reached EUR 209.8 M,
given the fact that the subscribed registered capital for the new companies was
only EUR 5 M. The value of the cancellations and registered capital yielding
reached over EUR 57 M.
The highest value of the subscribed registered capital, namely EUR 57.2 M was
made by the company of natural gas distribution - Distrigaz Nord, which has as
majority shareholder the German company Ruhrgas.
At the same time, Total Lubrifin, with a French majority shareholder, received a capital increase of EUR 12.1 M, while the capital of the company Petrotel-Lukoil was increased by over EUR 10 M.
Other companies which have increased their capital in June are CSR - with a French majority shareholder EUR 6.2 M, Generali Asigurari - Austrian majority shareholder EUR 5.2 M and Sindan - with a majority shareholder from Switzerland, almost EUR 5 M.
Regarding the new-established
companies, there were 1,052 companies in June, most of them registered by
Italian investors - 235, with a subscribed registered capital of over EUR
268,500.
The Office calculates the foreign investments depending on the value of the
subscribed registered capital at the companies with foreign participation.
The Romanian Agency for Foreign Investment (ARIS) has announced that this year it aims at attracting a volume of foreign direct investments of EUR 3.2 bln - EUR 3.8 bln.
Last year, the direct foreign investments were worth EUR 4.1 bln.
(Source: Nine O’ Clock)
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