April, slowest month for investments

Foreign investments had their poorest performance in April since the beginning of the year. Subscription of share capital stood at a mere 37 million euros, almost four times less than in the same month of last year, according to data provided by the National Trade Registry Office (ONRC). Under the circumstances, the value of the subscribed capital in the first four months of the year stood at almost 303 million euros, 18% less than in the same period of 2005. In 2005, the situation was the same between January – April, when the share capital subscribed at companies with foreign capital totalled 371.2 million euros, a 28% drop against the similar period of 2004. In April, capital increases accounted for the bulk of investments, given that the share capital subscribed for new companies stood at 4.8 million euros. Foreign investors set up 876 new companies, most of which – 321 – in Bucharest. The other targets preferred by investors were Timis county (81 new companies) and Arad (43). At the opposite end of the ranking are Giurgiu, Vaslui and Vrancea counties, with one foreign capital company registered. ZF