Lower foreign investment

The level of foreign investment aimed at Romania in February sank to 74.2 million euros, 58% lower month-on-month, according to data released by the National Trade Registry Office (ONRC). The investment largely came in the form of capital raises, with share capital subscriptions for new companies amounting to only 4.5 million euros. ONRC data show capital raises in February reached 178 million euros, but that these were “annulled” by cancellations from the trade registry and share capital cessions to the tune of 108.6 million euros. The largest capital increase operation in February was performed by Grupul National Bank of Greece for Banca Romaneasca and worth 27.1 million euros, while Ina Shaeffler Brasov, which has a German investor as its main stockholder, saw a contribution to its share capital of 25.9 million euros and Rewe Romania raised its capital by 11.1 million euros. ZF