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September 26, 2021
ECONOMY FINANCE&BANKING

Start-ups running on foreign capital in Romania, down 12pct in H1, 2016

The number of start-ups running on foreign capital in Romania established in the first six months of 2016 declined 12 percent from the first half of 2015, according to data with the National Companies Registry Office (ONRC).

The total value of the share capital of the 2,687 start-ups is 19.72 million US dollars. Most of them, 590, were established in March, down 17.7 percent from March 2015.

As of end-June, 2016, the number of companies running on foreign capital in Romania was standing at 207,153, with the total value of their share capital exceeding 43.4 billion euros.

According to ONRC data, 2015 witnessed the smallest number of start-ups established in Romania on foreign capital in 18 years.

Thus, only 5,831 such companies were established in 2015, down from 6,219 in 2014. After 1991, the largest number of such companies was reported in 2007, when they were 15,000. At the opposite end, the smallest number of them, 3,400, was reported in 1995.

In terms of paid-up share capital, 2015 was the leanest in the past 12 years as far as start-ups running on foreign capital are concerned, just 1.2 billion euros. In 2003, the total amount was standing at 996.2 million euros. The highest value of such capital, of nearly 4 billion euros, was recorded in 2008. A noteworthy 3.89 billion euro value was recorded in 2014. As far as the smallest value after 1991 goes, 183.7 million euros, it was reported in 1995.

Compared with 2014, the total value in 2015 was down 68 percent according to ONRC data.

In 1991 – 2015, 204,466 companies were established in Romania on foreign capital contributions, with a total value of the paid-up share capital in excess of 42.8 billion euros going predominantly to construction (27.2 percent), industry (25.9 percent) and professional services (19.3 percent). Most of them were established in Bucharest City – 92,072 with a share capital of 21.9 billion euros.

Out of the 204,466 companies, 41,749 run of Italian capital, but the highest share capital value is reported by Dutch companies, 8.4 billion euros in only about 4,600 companies.

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