Lower capital for new companies

Share capital subscribed for foreign-held companies totalled 83.49 million euros in the first month of the year, compared with 206.6 million euros at the same time last year, according to data from the National Trade Registry Office. A total of 769 companies were established in January, with a total share capital subscribed of 3.8 million euros. This compares with 577 companies established and 3.02 million euros in subscribed share capital in January 2004. According to the National Trade Registry Office, the first choice among foreign investors establishing new companies in January was Bucharest (295 new companies), followed by Timis County (57). Most new investors came from Italy (193 new companies), followed by Germany (106) and Hungary (48). ZF