|
Press Release
ARCHIVE
Proceedings
in the Central Trade Register -
31 May 2003
The
statistical synthesis -Operations in the
Central Trade Register - includes the results
of operations recorded in the Central Trade
Register until end of May 2003, upgraded
on the basis of data forwarded by the Trade
Register Offices in the counties.
Based
on the provisional data, this paper shows
the trend in the development of the business
community in Romania, whatever the sector
of activity, type of company and origin
of the subscribed capital (local or foreign)
is, as result of operations due to the legislation
in force concerning the trade register,
as:
- incorporation
of new companies;
- hanges in statutory documents of existing
companies;
- iquidation/dissolutions of companies;
- trike-off of companies;
- eissuing of registration certificates
by replacement of old certificates
The present statistical synthesis does
not reveal the operations concerning companies
by foreign direct investment in particular,
but these data are included in the general
data presented hereby.
The following
main aspects are highlighted through this
paper:
-
In
what concerns the origin of the issued
capital, in the related period, from
the total of 1,036,169 incorporations,
1,024,129 (98.84%) are companies registered
by private capital, 3,547 (0.34%)
by majority state capital and the
rest of 8,493 (0.82%) by mixed capital
(state + private).
-
The
structure by type of incorporations
during the same period is the following:
201,893 natural persons tradesman
and family associations, 827,706 companies,
1,263 companies under State supervision
and 5,307 co-operative organisations
(Table no. 5).
-
In May 2003:
-
The total number of records is 36,451
of which 8,427 are incorporations
(23.12%), 26,961 changes in statutory
documents (73.97%) and 1,063 strike-off
of companies (2.92%). The highest
number of incorporations in May
2003 was registered in Bucharest
Municipality, that is 1,370 incorporations
of new companies (17.3% of total
operations). The number of changes
in statutory documents recorded
in Bucharest Trade Register Office,
in May 2003, was of 6,491 (82.1%
of total operations) (Table no.
7).
- The
structure by type of incorporations
in May is the following: 2,748 (32.6%)
natural persons tradesman and family
associations, 5,674 (67.3%) companies
and 5 co-operative. (Table no. 9).
In what concerns the origin of the issued
capital, from the total of 8,427 incorporations,
8,422 are companies by private capital,
1 by state capital and 4 by mixt capital
(state+private) (Table no. 8).
-
With regard to the number of the incorporated
companies and the amount of the subscribed
capital, according to their legal
status, 5,587 of the total number
of incorporations are limited liability
companies, totalising 351.5 billion
ROL (44.1% of the total capital subscribed
in companies) and 77 are joint-stock
companies, with a total amount of
445.8 billion ROL in subscribed capital,
representing 55.9% of the total capital
subscribed in companies (Table no.
12).
The amount of the subscribed capital in
the 5,674 new incorporated companies is
of 797.3 billion ROL, that is an average
of 141.4 million ROL per company.
The highest amount of the subscribed capital
is registered in Ilfov county reaching
233.9 billion ROL, Prahova county reaching
184.7 billion ROL and Bucharest Municipality,
152.3 billion ROL. The average amount
of the subscribed capital per company,
in May, varies a lot from county to county,
from 2.0 million ROL in Covasna county
to 1248.2 million ROL in Prahova county
(Table no. 11).
-
The weight of incorporations of companies
in total operations with the trade
registers reveals the trend in increasing
the number of operations due to changes
in statutory documents. So, if the
number of incorporations was of 64%
in total operations during 1994, in
2001 it was 17% and 23.12% in May
2003.
The increasing dynamics of operations concerning
changes in statutory documents, reflects
at the same time:
- changes due to the companies' activity
and related to shareholders, address
of the registered office, and/or sector
of activity, etc.
- investment in capital of existing
companies, sourcing from the registered
profit included and from cession of
shares or reducing of capital, etc.
- the increasing number of records
due to implementation of Law no. 64/1995
republished concerning the procedure
of judiciary reorganisation and bankruptcy
and of Law no. 314/2001 on regulating
the status of some companies.
- The number of reissuing the incorporation
certificates by replacement with the
new registration certificates is significantly
different from county to county. Up
to 31 of May 2003, the highest rates
in reissuing the certificates were registered
in the following counties: Brasov 62.1%,
Brăila 54.5%, Covasna 53.3% and
Cluj 52.1%. At country's level, the
average rate of reissuing of certificates
is of 41.8% (Table no. 2).
-
The
number of strike-off of companies during
December 1990 - May 2003 is very different
by county. The highest number of strike-off
of companies registers the Bucharest
Municipality (63,454 that is 30.8% of
the total number of incorporations).
The following next counties are Constanţa
(12,299 and 27.7%) and Timis (8,349
and 24.9%).
The data and the particular
aspects in this general overview reveals
the significant dimension of the activity
in the trade register offices, in order
to insure the legality and order in functioning
of all types of companies, compulsory by
law to request incorporation with the trade
register before starting any activity and
to request as well to be registered any
changes in statutory documents due to deeds
and actions stipulated by law to be registered,
during the lifetime of the company and in
the end of activity.
Companies
by Foreign Direct Investment - 30 may
2003
"Companies
by foreign direct investment" - is
a statistical synthesis including the results
of the records operated with the Central
Trade Register during May 2003, as well
as their trend.
The
paper reveals the involvement of the foreign
direct investment in the investment process
in Romania, considering the records being
centralised by NTRO and concerning:
- incorporation
of companies by foreign direct investment
- other
statutory documents on the capital
subscribed by the non-residents in
already active companies (increasing
or decreasing the issued capital,
by cession)
- strike-off
of companies by foreign direct investment
The
following main aspects may be spotlighted
based on the data presented in this paper:
-
the
balance account for the foreign investment
at 31st May 2003, following
the records due to the period of December
1990 –May 31, 2003, includes:
- the
total number of companies being
of 93,438 of which 438 being incorporated
during May 2003;
- the issued capital subscribed
by the foreign investors being of
9.54 billion USD (8.06 billion EUR),
in total amount.
Considering
the trends and the different tendencies
from country to country regarding the classification
by country of origin of the total foreign
direct investment for the period 1991 –2003
(May) the first places are awarded to: Netherlands
(1 place, 17.6% of the foreign investments
by equivalent of currency), Germany (2 place,
with 9.7%), France (3 place, with 7.3%),
USA (4 place, with 7.2%) and Italy (5 place,
with 6.2%).
- The
balance account of the foreign investments
by equivalent of currency in 2003,
May 31, is with 75 million USD (63.3
million EUR) higher than in the
end of April 2003. The monthly trend
related to the foreign investments
in Romania registers fluctuations
with regard to the number of companies
and the subscribed capital, as well.
- The
structure upon the sector of activity
of the companies by foreign direct
investment, incorporated during
1991 –May 2003, shows the
preference of investors for the
commercial activities. Companies
declaring in the statutory documents
the intention to develop mainly
commercial activities represent
54.3% of the total number of companies
by foreign direct investments. The
top of preferences continues with
the industrial sector (18.8%), services
(11.7%), tourism (4.5%) and agriculture
(4.2%).
The structure upon the main sector of
activity related to that upon the number
of companies by foreign direct investment
reveals that 53.7% of the total subscribed
capital was invested in industry, 16.4%
in services and 15.9% in commerce.
The highest number of companies by foreign
direct investment (135 companies) was incorporated
during May 2003, in the Bucharest-Ilfov
region. In May, the regions ranking upon
the investors’preferences were the
following: West (83 companies) and Center
(68 companies). According to the amount
of the subscribed capital for new companies,
the first place is awarded to South Muntenia
region registering 5.5 million USD.
- A
specific phenomena of May 2003 is
concerning the relatively high increase
in the subscribed capital of companies
by foreign direct investment, according
to the records in the trade register,
namely: 88.5 million USD (74.8 million
EUR) in equivalent of currency, within
529 already existing companies. The
changes in the companies' capital
by increasing the amount, prevails
within the total foreign investments
in capital during May 2003, especially
in Bucharest Municipality reaching
46.4 million USD (39.1 million EUR),
Ilfov county amounting to 15.1 million
USD (12.7 million EUR), in Timis county
were investments of 14.9 million USD
(12.6 million EUR).
According to the amount of the increase
in the subscribed capital in May, on the
first places are listed the following
regions: Bucharest-Ilfov with 61.4 million
USD, West with 15 million USD, and South-West
Oltenia with 8.2 million USD.
- In
May 2003 a number of 48 companies
by foreign direct investments were
struck-off, that is 3.5 million USD
(3 million EUR) in equivalent of currency.
From the total number of these companies,
18 were recorded in Bucharest Municipality.
Related to the economic regions, the
highest number of strike-off of companies
was recorded in Bucharest-Ilfov (18)
and North-West (13).
- Investors
from all the continents in the world
were the source of the foreign investments
registered during May 2003 highlighting,
by number and amount of the subscribed
capital, the investors from Asia,
with 31 new companies and 5.5 million
USD (4.6 million EUR) in capital and
those from Europe, with 391 new companies
and 3.7 mil USD (3.1 mil EUR).
- In
what concerns the statutory documents
for increasing the issued capital,
the first two places are awarded to
the investors from Europe, with a
capital of 66.6 million USD and 245
companies and the investors from North
America with a capital of 12.8 million
USD and 23 companies.
Investments made by O.E.C.D. countries
prevail in the total of foreign investments
registered during May 2003 in Romania.
So, from a total of 438 new companies
incorporated at country’s level,
391 companies subscribing 9 million USD
(7.65 million EUR) as issued capital,
represent the O.E.C.D. countries’contribution
and the increase in capital is recorded
in 231 companies as contribution of investors
from O.E.C.D. countries, reaching 69 million
USD (58.3 million EUR) additional capital
invested in their companies, during May
2003.
*
* *
According to what we presented so far, we
may conclude that the recent trends in the
foreign investments in Romania, based on
the records of the Central Trade Register,
still reveals a positive trend concerning
the presence in Romania of the foreign investors,
who may also benefit of the facilities offered
by the Law for direct investments. Further
on, there are premises for taking full advantage
of this law, in fact of Romania’s
potential in investments.
Proceedings
in the Central Trade Register -
30 April 2003
The statistical synthesis
"Operations in the Central Trade Register"
includes the results of operations recorded
in the Central Trade Register until end
of April 2003, upgraded on the basis of
data forwarded by the Trade Register Offices
in the counties.
Based on the provisional
data, this paper shows the trend in the
development of the business community in
Romania, whatever the sector of activity,
type of company and origin of the subscribed
capital (local or foreign) is, as result
of operations due to the legislation in
force concerning the trade register, as:
- incorporation of new companies;
- changes in statutory documents of
existing companies;
- liquidation/dissolutions of companies;
- strike-off of companies;
- reissuing of registration certificates
by replacement of old certificates
The present statistical
synthesis does not reveal the operations
concerning companies by foreign direct investment
in particular, but these data are included
in the general data presented hereby.
The following main aspects
are highlighted through this paper:
- In the period December 1990 - April
2003:
-
The total number
of records in the trade registers
was of 3,139,191, structured as
follows: incorporations 32.7%, changes
in statutory documents 61.3% and
strike-off documents 5.9% (Table
no. 1.a).
-
The structure
by years of the number of incorporations
in the trade registers, as it is
showed in the diagram below, reveals
the fact that around 55% of total
incorporations were registered in
the period of December 1990 - 1995
(Table nr 3).
-
In what concerns
the origin of the issued capital,
in the related period, from the total
of 1,027,742 incorporations, 1,015,707
(98.83%) are companies registered
by private capital, 3,546 (0.35%)
by majority state capital and the
rest of 8,489 (0.83%) by mixed capital
(state + private).
-
The structure by
type of incorporations during the
same period is the following: 199,145
natural persons tradesman and family
associations, 822,032 companies, 1,263
companies under State supervision
and 5,302 co-operative organisations
(Table no. 5).
-
In April 2003:
- The total number of records is
35,317 of which 8,667 are incorporations
(24.54%), 25,799 changes in statutory
documents (73.05%) and 851 strike-off
of companies (2.41%). The highest
number of incorporations in April
2003 was registered in Bucharest
Municipality, that is 1,688 incorporations
of new companies (21.2% of total
operations). The number of changes
in statutory documents recorded
in Bucharest Trade Register Office,
in April 2003, was of 6,235 (78.1%
of total operations) (Table no.
7).
- The structure by type of incorporations
in April is the following: 2,240
(25.85%) natural persons tradesman
and family associations, 6,417 (74.04%)
companies, 3 (0.03%) companies under
State supervision and 7 co-operative.
(Table no. 9)
In what concerns the origin
of the issued capital, from the total of
8,667 incorporations, 8,652 are companies
by private capital and 15 by state capital.
(state + private) (Table no. 8).
- With regard to the number of the
incorporated companies and the amount
of the subscribed capital, according
to their legal status, 6,315 of the
total number of incorporations are
limited liability companies, totalising
333.5 billion ROL (42.3% of the total
capital subscribed in companies) and
88 are joint-stock companies, with
a total amount of 454.6 billion ROL
in subscribed capital, representing
57.7% of the total capital subscribed
in companies (Table no. 12).
The amount of the subscribed
capital in the 6,417 new incorporated companies
is of 788.1 billion ROL, that is an average
of 123.5 million ROL per company.
The highest amount of the
subscribed capital is registered in Bucharest
Municipality reaching 209.04 billion ROL,
Dolj county reaching 71 billion ROL and
Gorj county, 66.5 billion ROL. The average
amount of the subscribed capital per company,
in April, varies a lot from county to county,
from 2.4 million ROL in Teleorman county
to 937.3 million ROL in Gorj county (Table
no. 11).
-
The weight of incorporations
of companies in total operations with
the trade registers reveals the trend
in increasing the number of operations
due to changes in statutory documents.
So, if the number of incorporations
was of 64% in total operations during
1994, in 2001 it was 17% and 24.54%
in April 2003.
The increasing dynamics
of operations concerning changes in statutory
documents, reflects at the same time:
- changes due to the companies’ activity
and related to shareholders, address
of the registered office, and/or sector
of activity, etc.
- investment in capital of existing
companies, sourcing from the registered
profit included and from cession of
shares or reducing of capital, etc.
- the increasing number of records
due to implementation of Law no. 64/1995
republished concerning the procedure
of judiciary reorganisation and bankruptcy
and of Law no. 314/2001 on regulating
the status of some companies.
-
The number of reissuing
the incorporation certificates by replacement
with the new registration certificates
is significantly different from county
to county. Up to 30 of April 2003, the
highest rates in reissuing the certificates
were registered in the following counties:
Salaj 59.7%, Brasov 5.3%, Braila 51.9%,
Covasna 50.8% and Cluj 49.2%. At country’s
level, the average rate of reissuing
of certificates is of 39.5% (Table no.
2).
-
The number of strike-off
of companies during December 1990 -
April 2003 is very different by county.
The highest nmber of strike-off of companies
registers the Bucharest Municipality
(63,407 that is 34% of the total number
of incorporations). The following next
counties are Constanta (12,275 and 27.95%)
and Timis (8,337 and 25%).
The data and the particular
aspects in this general overview reveals
the significant dimension of the activity
in the trade register offices, in order
to insure the legality and order in functioning
of all types of companies, compulsory by
law to request incorporation with the trade
register before starting any activity and
to request as well to be registered any
changes in statutory documents due to deeds
and actions stipulated by law to be registered,
during the lifetime of the company and in
the end of activity.
Companies
by Foreign Direct Investment - 30 April
2003
"Companies by foreign direct investment"
is a statistical synthesis including the
results of the records operated with the
Central Trade Register during April 2003,
as well as their trend.
The paper reveals the involvement
of the foreign direct investment in the
investment process in Romania, considering
the records being centralised by NTRO and
concerning:
- incorporation of companies by foreign
direct investment
- other statutory documents on the
capital subscribed by the non-residents
in already active companies (increasing
or decreasing the issued capital,
by cession)
- strike-off of companies by foreign
direct investment
The following main aspects
may be spotlighted based on the data presented
in this paper:
- the balance account for the foreign
investment at 30st April
2003, following the records due to the
period of December 1990 - April 30,
2003, includes:
- the total number of companies being
of 93,016 of which 443 being incorporated
during April 2003;
- the issued capital subscribed by
the foreign investors being of 9.44
billion USD (8.48 billion EUR), in
total amount.
-
Considering the
trends and the different tendencies
from country to country regarding the
classification by country of origin
of the total foreign direct investment
for the period 1991 -2003 (April) the
first places are awarded to: Netherlands
(1 place, 17.6% of the foreign investments
by equivalent of currency), Germany
(2 place, with 9.8%), France (3 place,
with 7.4%), USA (4 place, with 7.2%)
and Italy (5 place, with 6.3%).
- The balance account of the foreign
investments by equivalent of currency
in 2003, April 30, is with 84.3 million
USD (75.7 million EUR) higher than
in the end of March 2003. The monthly
trend related to the foreign investments
in Romania registers fluctuations
with regard to the number of companies
and the subscribed capital, as well.
- The structure upon the sector of
activity of the companies by foreign
direct investment, incorporated during
1991 - April 2003, shows the preference
of investors for the commercial activities.
Companies declaring in the statutory
documents the intention to develop
mainly commercial activities represent
54.5% of the total number of companies
by foreign direct investments. The
top of preferences continues with
the industrial sector (18.8%), services
(11.6%), tourism (4.5%) and agriculture
(4.1%).
The structure upon the
main sector of activity related to that
upon the number of companies by foreign
direct investment reveals that 53.7% of
the total subscribed capital was invested
in industry, 16.4% in services and 16% in
commerce.
- According to the records of April
2003, the following main results are
to be mentioned:
- At country’s level, 443 new companies
by foreign direct investment were
incorporated, amounting to a total
capital of 3.2 million USD, in equivalent
of currency. This month, the records
by territoriality criteria indicate
on the first places, according to
the amount in equivalent of currency
of the capital subscribed in new companies,
Brasov county with 913.2 thousand
USD (820.8 thousand EUR) capital and
22 new companies, Bucharest Municipality
with a capital of 613 thousand USD
(551 thousand EUR) and 149 new companies,
and Cluj county with a capital of
559.8 thousand USD (503.2 thousand
EUR) and 22 new incorporated companies.
In what concerns the subscribed capital
in equivalent of currency, for new
companies by foreign direct investment,
the records of April 2003 are lower
than in April 2002. Under these conditions
of different trends regarding the
number of companies by foreign direct
investment and the amount of the subscribed
capital, the average amount of the
subscribed capital, in equivalent
of currency, per unit, was of 7.3
thousand USD in April 2003 compared
to 10.4 thousand USD in April 2002.
The highest number of companies
by foreign direct investment (169 companies)
was incorporated during April 2003, in the
Bucharest-Ilfov region. In March, the regions
ranking upon the investors’ preferences
were the following: West (74 companies)
and Center (58 companies). According to
the amount of the subscribed capital for
new companies, the first place is awarded
to Center region registering 1.1 million
USD.
-
A specific phenomena
of April 2003 is concerning the relatively
high increase in the subscribed capital
of companies by foreign direct investment,
according to the records in the trade
register, namely: 87.7 million USD
(78.9 million EUR) in equivalent of
currency, within 856 already existing
companies. The changes in the companies’
capital by increasing the amount,
prevails within the total foreign
investments in capital during April
2003, especially in Bucharest Municipality
reaching 59.6 million USD (53.6 million
EUR), Harghita county amounting to
15.5 million USD (14 million EUR),
in Ilfov county were investments of
3.7 million USD (3.4 million EUR).
In Botosani, Caras Severin, Covasna,
Dambovita and Vaslui counties, there
were no records concerning changes
by increasing the subscribed capital
of the companies by foreign direct
investment, during April 2003.
According to the amount
of the increase in the subscribed capital
in April, on the first places are listed
the following regions: Bucharest-Ilfov with
63.4 million USD, Center with 19.1 million
USD, and North-West with 1.8 million USD.
-
In April 2003 a
number of 33 companies by foreign
direct investments were struck-off,
that is 1.9 million USD (1.7 million
EUR) in equivalent of currency. From
the total number of these companies,
11 were recorded in Bucharest Municipality.
Related to the economic regions, the
highest number of strike-off of companies
was recorded in Bucharest-Ilfov (11).
- Investors from all the continents
in the world were the source of the
foreign investments registered during
April 2003 highlighting, by number
and amount of the subscribed capital,
the investors from Europe, with 397
new companies and 3 million USD (2.7
million EUR) in capital and those
from Asia, with 40 new companies and
188.6 thousand USD (169.5 thousand
EUR).
- In what concerns the statutory documents
for increasing the issued capital,
the first two places are awarded to
the investors from Europe, with a
capital of 62.4 million USD and 280
companies and the investors from Asia
with a capital of 22.3 million USD
and 563 companies.
Investments made by O.E.C.D.
countries prevail in the total of foreign
investments registered during April 2003
in Romania. So, from a total of 443 new
companies incorporated at country’s level,
374 companies subscribing 2.9 million USD
(2.6 million EUR) as issued capital, represent
the O.E.C.D. countries’ contribution and
the increase in capital is recorded in 275
companies as contribution of investors from
O.E.C.D. countries, reaching 62.4 million
USD (56.1 million EUR) additional capital
invested in their companies, during March
2003.
- According to the classification by
country of origin of the foreign investment,
the records of April 2003 reveal that:
- Regarding the incorporations of
new companies and related to the subscribed
capital, in equivalent of currency,
the first places belong to investors
from: Italy with 139 new companies
and 1.3 million USD (1.2 million EUR),
Germany with 52 new companies and
755.2 thousand USD (678.8 thousand
EUR), Czech Republic with 3 new companies
and 268.3 thousand USD (241.1 thousand
EUR) and Greece with 11 new companies
and 210.8 thousand USD (189.5 thousand
EUR).
- As for increasing the subscribed
capital, on the first places are listed
the investors from: Netherland with
12 company and 26.2 million USD (23.5
million EUR), Turkey with 109 companies
and 19 million USD (17.1 million EUR),
China with 345 companies and 14.7
million USD (13.2 million EUR) and
Germany with 27 companies and 5 million
USD (4.5 million EUR).
- The classification according to
the month of April this year, by the
amount of the subscribed capital was
increased, in equivalent of currency,
in new companies and already active
ones, among the first 40 companies
by foreign direct investment are:
Mediplus Exim S.A. (with a partner
from Netherland) registering an investment
in equivalent of currency of 22 million
USD (19.8 million EUR), Unver SRL
(Turkey) with 15.5 million USD (14
million EUR), Sorod SA (with a partner
from the France) with 3.8 million
USD (3.4 million EUR), Avrig 35 SA
(Netherland) with 3.5 million USD
(3.2 million EUR).
* * *
According to what we presented
so far, we may conclude that the recent
trends in the foreign investments in Romania,
based on the records of the Central Trade
Register, still reveals a positive trend
concerning the presence in Romania of the
foreign investors, who may also benefit
of the facilities offered by the Law for
direct investments. Further on, there are
premises for taking full advantage of this
law, in fact of Romania’s potential in investments.
Proceedings
in the Central Trade Register -
31 March 2003
The statistical synthesis
"Operations in the Central Trade Register"
includes the results of operations recorded
in the Central Trade Register until end
of March 2003, upgraded on the basis of
data forwarded by the Trade Register Offices
in the counties.
Based on the provisional
data, this paper shows the trend in the
development of the business community in
Romania, whatever the sector of activity,
type of company and origin of the subscribed
capital (local or foreign) is, as result
of operations due to the legislation in
force concerning the trade register, as:
- incorporation of new companies;
- changes in statutory documents of
existing companies;
- liquidation/dissolutions of companies;
- strike-off of companies;
- reissuing of registration certificates
by replacement of old certificates
The present statistical
synthesis does not reveal the operations
concerning companies by foreign direct investment
in particular, but these data are included
in the general data presented hereby.
The following main aspects
are highlighted through this paper:
- In the period December 1990 - March
2003:
- The total number of records in
the trade registers was of 3,103,874,
structured as follows: incorporations
32.8%, changes in statutory documents
61.2% and strike-off documents 6%
(Table no. 1.a).
-
The structure by
years of the number of incorporations
in the trade registers, as it is showed
in the diagram below, reveals the
fact that around 55% of total incorporations
were registered in the period of December
1990 - 1995 (Table nr 3).
-
In what concerns
the origin of the issued capital,
in the related period, from the total
of 1,019,075 incorporations, 1,007,055
(98.82%) are companies registered
by private capital, 3,531 (0.35%)
by majority state capital and the
rest of 8,489 (0.83%) by mixed capital
(state + private).
-
The structure by
type of incorporations during the
same period is the following: 196,905
natural persons tradesman and family
associations, 815,615 companies, 1,260
companies under State supervision
and 5,295 co-operative organisations
(Table no. 5).
-
Between January
- March 2003, 23,533 new companies
were incorporated representing 2.31%
of total incorporations in the period
December 1990 - March 2003.
- In March 2003:
- The total number of records is
38,178 of which 8,168 are incorporations
(21.4%), 27,490 changes in statutory
documents (72%) and 2,520 strike-off
of companies (6.6%). The highest
number of incorporations in March
2003 was registered in Bucharest
Municipality, that is 1,374 incorporations
of new companies (17.9% of total
operations). The number of changes
in statutory documents recorded
in Bucharest Trade Register Office,
in March 2003, was of 6,225 (81.3%
of total operations) (Table no.
7).
- The structure by type of incorporations
in March is the following: 2,088
(25.6%) natural persons tradesman
and family associations, 6,075 (74.4%)
companies and 4 (0.05%) companies
under State supervision and 1 co-operative.
(Table no. 9)
-
In what concerns
the origin of the issued capital,
from the total of 8,168 incorporations,
8,161 are companies by private capital,
6 by state capital and 1 by mixed
capital (state + private) (Table no.
8).
-
With regard to
the number of the incorporated companies
and the amount of the subscribed capital,
according to their legal status, 5,980
of the total number of incorporations
are limited liability companies, totalising
150.8 billion ROL (62.8% of the total
capital subscribed in companies) and
86 are joint-stock companies, with
a total amount of 89.2 billion ROL
in subscribed capital, representing
37.1% of the total capital subscribed
in companies (Table no. 12).
The amount of the subscribed
capital in the 6,075 new incorporated companies
is of 240.1 billion ROL, that is an average
of 39.8 million ROL per company.
The highest amount of the
subscribed capital is registered in Bucharest
Municipality reaching 117.4 billion ROL,
and in Brasov county reaching 18.6 billion
ROL. The average amount of the subscribed
capital per company, in March, varies a
lot from county to county, from 2.1 million
ROL in Mehedinţi county to 97.6 million
ROL in Brasov county (Table no. 11).
- The weight of incorporations of companies
in total operations with the trade registers
reveals the trend in increasing the number
of operations due to changes in statutory
documents. So, if the number of incorporations
was of 64% in total operations during
1994, in 2001 it was 17% only and 21.4%
in March 2003.
The increasing dynamics
of operations concerning changes in statutory
documents, reflects at the same time:
- changes due to the companies’ activity
and related to shareholders, address
of the registered office, and/or sector
of activity, etc.
- investment in capital of existing
companies, sourcing from the registered
profit included and from cession of
shares or reducing of capital, etc.
- the increasing number of records
due to implementation of Law no. 64/1995
republished concerning the procedure
of judiciary reorganisation and bankruptcy
and of Law no. 314/2001 on regulating
the status of some companies.
- The number of reissuing the incorporation
certificates by replacement with the
new registration certificates is significantly
different from county to county. Up
to 31 of March 2003, the highest rates
in reissuing the certificates were registered
in the following counties: Brasov 56.1%,
Brăila 50.8%, Covasna 49,1% and
Cluj 47.9%. At country’s level, the
average rate of reissuing of certificates
is of 37.9% (Table no. 2).
- The number of strike-off of companies
during December 1990 - March 2003 is
very different by county. The highest
number of strike-off of companies registers
the Bucharest Municipality (63,350 that
is 31.2% of the total number of incorporations).
The following next counties are Constanţa
(12,252 and 28.1%) and Timis (8,332
and 25.2%).
The data and the particular
aspects in this general overview reveals
the significant dimension of the activity
in the trade register offices, in order
to insure the legality and order in functioning
of all types of companies, compulsory by
law to request incorporation with the trade
register before starting any activity and
to request as well to be registered any
changes in statutory documents due to deeds
and actions stipulated by law to be registered,
during the lifetime of the company and in
the end of activity.
Companies
by Foreign Direct Investment - 31 March
2003
"Companies by foreign
direct investment" is a statistical
synthesis including the results of the records
operated with the Central Trade Register
during March 2003, as well as their trend.
The paper reveals the involvement
of the foreign direct investment in the
investment process in Romania, considering
the records being centralised by NTRO and
concerning:
- incorporation of companies by foreign
direct investment
- other statutory documents on the
capital subscribed by the non-residents
in already active companies (increasing
or decreasing the issued capital,
by cession)
- strike-off of companies by foreign
direct investment
The following main aspects
may be spotlighted based on the data presented
in this paper:
- the balance account for the foreign
investment at 31st March
2003, following the records due to the
period of December 1990 - March 31,
2003, includes:
- the total number of companies being
of 92,575 of which 501 being incorporated
during March 2003;
- the issued capital subscribed by
the foreign investors being of 9.38
billion USD (8.61 billion EUR), in
total amount.
-
Considering
the trends and the different
tendencies from country to country
regarding the classification
by country of origin of the
total foreign direct investment
for the period 1991 - 2003 (March)
the first places are awarded
to: Netherlands (1 place, 17.5%
of the foreign investments by
equivalent of currency), Germany
(2 place, with 9.8%), USA (3
place, with 7.7%), France (4
place, with 7.2%) and Italy
(5 place, with 6.3%).
-
The balance
account of the foreign investments
by equivalent of currency in
2003, March 31, is with 76 million
USD (69.7 million EUR) higher
than in the end of February
2003. The monthly trend related
to the foreign investments in
Romania registers fluctuations
with regard to the number of
companies and the subscribed
capital, as well.
-
The structure
upon the sector of activity
of the companies by foreign
direct investment, incorporated
during 1991 - March 2003, shows
the preference of investors
for the commercial activities.
Companies declaring in the statutory
documents the intention to develop
mainly commercial activities
represent 54.7% of the total
number of companies by foreign
direct investments. The top
of preferences continues with
the industrial sector (18.8%),
services (11.4%), tourism (4.5%)
and agriculture (4.1%).
The structure upon the
main sector of activity related to that
upon the number of companies by foreign
direct investment reveals that 54% of the
total subscribed capital was invested in
industry, 16.3% in services and 15.8% in
commerce.
- According to the records of March
2003, the following main results are
to be mentioned:
- At country’s level, 501 new companies
by foreign direct investment were
incorporated, amounting to a total
capital of 5 million USD, in equivalent
of currency. This month, the records
by territoriality criteria indicate
on the first places, according to
the amount in equivalent of currency
of the capital subscribed in new
companies, Bucharest Municipality
with 2.5 million USD (2.3 million
EUR) capital and 149 new companies,
Ilfov county with a capital of 1.5
million USD (1.3 million EUR) and
22 new companies, and Braşov
county with a capital of 329 thousand
USD (302 thousand EUR) and 18 new
incorporated companies. In what
concerns the subscribed capital
in equivalent of currency, for new
companies by foreign direct investment,
the records of March 2003 are lower
than in March 2002. Under these
conditions of different trends regarding
the number of companies by foreign
direct investment and the amount
of the subscribed capital, the average
amount of the subscribed capital,
in equivalent of currency, per unit,
was of 10 thousand USD in March
2003 compared to 9.1 thousand USD
in March 2002.
The highest number of companies
by foreign direct investment (171 companies)
was incorporated during March 2003, in the
Bucharest-Ilfov region. In March, the regions
ranking upon the investors’ preferences
were the following: West (82 companies)
and North-West (81 companies). According
to the amount of the subscribed capital
for new companies, the first place is awarded
to Bucharest-Ilfov region registering 4
million USD.
- A specific phenomena of March
2003 is concerning the relatively
high increase in the subscribed
capital of companies by foreign
direct investment, according to
the records in the trade register,
namely: 104.6 million USD (96 million
EUR) in equivalent of currency,
within 910 already existing companies.
The changes in the companies’ capital
by increasing the amount, prevails
within the total foreign investments
in capital during March 2003, especially
in Bucharest Municipality reaching
58.3 million USD (53.5 million EUR),
Constanţa county amounting
to 31 million USD (28.5 million
EUR), in Ilfov county were investments
of 3.4 million USD (3.1 million
EUR). In Sălaj and Vaslui counties,
there were no records concerning
changes by increasing the subscribed
capital of the companies by foreign
direct investment, during March
2003.
According to the amount
of the increase in the subscribed capital
in March, on the first places are listed
the following regions: Bucharest-Ilfov with
61.7 million USD, South-East with 31.5 million
USD, and North-West with 4.65 million USD.
- In March 2003 a number of 151
companies by foreign direct investments
were struck-off, that is 5.8 million
USD (5.4 million EUR) in equivalent
of currency. From the total number
of these companies, 22 were recorded
in Bucharest Municipality. Related
to the economic regions, the highest
number of strike-off of companies
was recorded in Nord-West (113)
and Bucharest-Ilfov (22).
- Investors from all the continents
in the world were the source of
the foreign investments registered
during March 2003 highlighting,
by number and amount of the subscribed
capital, the investors from Europe,
with 431 new companies and 3.9 million
USD (3.6 million EUR) in capital
and those from North America, with
28 new companies and 874.8 thousand
USD (802.8 thousand EUR).
- In what concerns the statutory
documents for increasing the issued
capital, the first two places are
awarded to the investors from Europe,
with a capital of 83.2 million USD
and 345 companies and the investors
from Asia with a capital of 20.7
million USD and 549 companies.
Investments made by O.E.C.D.
countries prevail in the total of foreign
investments registered during March 2003
in Romania. So, from a total of 501 new
companies incorporated at country’s level,
417 companies subscribing 4.7 million USD
(4.4 million EUR) as issued capital, represent
the O.E.C.D. countries’ contribution and
the increase in capital is recorded in 340
companies as contribution of investors from
O.E.C.D. countries, reaching 69.9 million
USD (64.1 million EUR) additional capital
invested in their companies, during March
2003.
-
According to the
classification by country of origin
of the foreign investment, the records
of March 2003 reveal that:
- Regarding the incorporations
of new companies and related to
the subscribed capital, in equivalent
of currency, the first places
belong to investors from: Greece
with 18 new companies and 1.3
million USD (1.2 million EUR),
France with 29 new companies and
963.6 thousand USD (884.3 thousand
EUR), USA with 25 new companies
and 874.1 thousand USD (802.2
thousand EUR) and Italy with 141
new companies and 656.8 thousand
USD (602.8 thousand EUR).
- As for increasing the subscribed
capital, on the first places are
listed the investors from: Netherland
with 13 company and 37.2 million
USD (34.1 million EUR), Cyprus
with 15 companies and 11.6 million
USD (10.6 million EUR), China
with 280 companies and 10.8 million
USD (9.9 million EUR) and Great
Britain with 14 companies and
8.3 million USD (7.7 million EUR).
- The classification according
to the month of March this year,
by the amount of the subscribed
capital was increased, in equivalent
of currency, in new companies
and already active ones, among
the first 40 companies by foreign
direct investment are: Rompetrol
Rafinare S.A. (with a partner
from Netherland) registering an
investment in equivalent of currency
of 30.98 million USD (28.4 million
EUR), Romtelecom SA (Cyprus) with
7.1 million USD (6.6 million EUR),
Quadrant - Amroq Beverages SA
(with a partner from the Great
Britain) with 2.2 million USD
(2 million EUR), UniCredit Romania
SA (Italy) with 2.1 million USD
(1.9 million EUR).
* * *
According to what we presented
so far, we may conclude that the recent
trends in the foreign investments in Romania,
based on the records of the Central Trade
Register, still reveals a positive trend
concerning the presence in Romania of the
foreign investors, who may also benefit
of the facilities offered by the Law for
direct investments. Further on, there are
premises for taking full advantage of this
law, in fact of Romania’s potential in investments.
|
