The number of companies with foreign capital went up by 8.5 percent year-on-year in the first 5 months of the year, to 2,406 units, data released by the National Trade Registry Office (ONRC) on Monday shows.

The new companies had a total subscribed capital of over USD 16.7 million, up by 8.7 percent year-on-year.

In May 2017, the number of newly created companies increased by 4.6 percent year-on-year, to 581 companies.

In 2016 the number of companies with foreign capital registered in Romania dropped to an 18 year-low, to 5,348, down from 5,831 in 2015.

The total share capital of the 5,348 firms amounts to USD 40 million, 1.4 percent more than 2015.

After 1991, the largest number of companies were created in 2007, after Romania joined the European Union. That year were created over 15,000 such companies. The lowest number was recorded in 1995, respectively 3,400.

Between 1991-2016, there were created 209,814 companies with foreign capital, with a subscribed share capital of over EUR 44.8 billion. Out of the 209,824 companies, there were 43,627 companies with Italian capital. However, Dutch companies have the biggest share when it comes to the share capital, respectively EUR 8.71 billion, for approximately 4,919 companies.