foreign investments

Romania’s Agency for Foreign Investments or ARIS was removed and its activity will be taken over by a special directorate within the Ministry for Small- and Medium-sized Enterprises, Commerce and Business Environment, government sources told MEDIAFAX Saturday.

Foreign investments as contributions to the share capital of Romanian companies totaled around EUR1.1 billion in the first quarter of 2009, down 20% from EUR1.39 billion in the corresponding period a year earlier, according to Trade Registry data.