The number of companies, the net results and own capitals have reached a historical maximum during the pandemic, while non-financial companies' business in Romania decreased, according to the annual KeysFin "Business conditions in Romania" study.Last year, the net result of non-financial companies in Romania increased by nearly 13 pct over 2019, to 104.5 billion RON, and has exceeded, for the first time, the threshold of 100 billion RON, by 221 pct more than in 2015 and 584 pct more than in 2010.On the other hand, the turnover of these companies has reduced by approximately 2.7 pct to 1.641 billion RON, being by 36 pct larger than in 2015 and by 78 pct over the level of 2010.Commerce continued to be the largest Romanian economic sector in 2020 as well, with a turnover of 652 billion RON (40 pct of the total). The top spots are continued by the manufacturing industry, with 393 billion RON (24 pct of the total), construction, with 129 billion RON (8 pct in total), transport and depositing, with 95 billion RON (6 pct in total), and, for the first time in history, IT&C, with 70.3 billion RON (4 pct of the total), sector that replaced, in the top 5, Energy & Gas.In 2020, the highest annual percentage increases of the turnover were recorded in construction (+18.8 pct, in the pandemic year), healthcare & social assistance (+10.4 pct to 15.6 billion RON), IT&C (+5.6 pct in 2020), water supply and sanitation (+2 pct to 17 billion RON) and professional activities (+0.6 pct to 49 billion RON).According to the study, in total, in Romania there were 4 million employees in 2020, by 4 pct fewer than in 2019.A record number, of nearly 788,500 non-financial companies, by 3.3 pct more than in the previous year, have reported their results for 2020, of which 704 were large companies (with over 250 employees and a turnover of over 50 million euro), 8,200 medium-sized companies (between 50 and 250 employees and a turnover between 10 and 50 million euro), 47,200 small companies (between 10 and 50 employees and turnover between 2 and 10 million euro), and 732,000 micro-enterprises (less than 10 employees and a turnover under 2 million euro), according to data extracted by Keysfin analysts in September 2021.The own capital of micro-enterprises rose by 42 pct over 2019, reaching 98 billion RON in 2020.
Romanian tennis player and women’s former world no. 1 Simona Halep said that she decided to withdraw from the Australian Open due to knee and shoulder pain felt after playing in Abu Dhabi. She had received a wild card for the qualifiers of the Australian Open, the first Grand Slam tournament of 2025. “After discussing […]
Over 1.3 million visitors, including Bucharest residents and tourists from around the world, rediscovered the magic of Christmas at the Romanian capital’s main holiday event, held from November 29 to December 26 in Constituției Square. Organized by the City Hall of Bucharest through CREART – the Center for Creation, Art, and Tradition, the event was […]
Romania is set to close more than 30 border crossing points starting January 1, 2025, following its full accession to the Schengen Area, which entails the removal of internal border checks. The decision was announced in a government decision project published by the Ministry of Internal Affairs and quoted by Libertatea.ro. ...
Metrorex, the operator of the subway network in Bucharest, has proposed a fare increase starting January 1, 2025. Under the new plan, the cost of a single trip would rise from the current RON 3 to RON 5, while the monthly subscription would increase from RON 80 to RON 100, according to a draft order […]
More than 500,000 Romanians are celebrating their name day on Friday, December 27, coinciding with the feast of Saint Stephen, according to data from the Directorate for Personal Records quoted by News.ro. Among them, 364,444 men and 155,791 women...
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
