Important capital growth in Romania
Important capital growth in RomaniaUpdated on Sunday 17th April 2016
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Approximately 40 companies received capital increase from foreign shareholders in the first quarter of 2014 amounting to approximately 10 million euros.
A total capital injection in Romania is calculated at 990 million euros, the main fields of activity being: real estate, construction, media, medical and automotive, according to data submitted by the Romanian National Trade Register Office.
Lukoil Energy & Gas made the largest capital increase in Romania in the last six months, with a total of 130, 9 million euros.
The last six months have brought capital infusions of over 50 million euros for the following companies: Socar - 58,8 million euros; MKB Romexterra Bank - 57,8 million euros; Rosia Montana Gold Corporation - 57,8 million euros; 55,7 million euros for the oil equipment manufacturer Lufkin Industries; Italo Romena Real Estate - 54 million euros and Plexus Services Bihor - 53,28 million euros.
Companies that received capital just below 50 million euros are Egger Romania, located in Suceava County, with 48,1 million euros; 33,9 million euros for Riviera Galeria Mall in Iasi; 33,6 million euros for MKB Romexterra Bank and 30,3 million euros - OMV Petrom Global Solutions.
Important capital increases in numerous fields
Capital increases of over 20 million euros were registered at the Star Assembly Company, part of the German Daimler group - 25,1 million euros; Mega Image - 25,2 million euros, BCR Life Insurance - 24,8 million euros, Prysmian Cables and Systems - 23,5 million euros, Tower Center International- 22,7 million euros and Chevron Romania Exploration And Production - 21 million euros.
Important capital infusions have also been recorded at Honeywell Friction Materials - 19 million euros; Euromedic, the private medical services provider received funds of 18,3 million euros and Continental Automotive Systems, located in Sibiu, received approximately 17 million euros.
Capital increases of over 10 million euros were recorded at important insurance companies operating in Romania: Asirom Vienna Insurance Group – with 11,2 million euros or banks such as OTP Bank Romania – at 11,1 million euros.
Capital increases in key investment fields are likely to boost operations in Romania and encourage foreign investors.