Romania's agricultural companies posted the second largest nominal annual increase in the last 10 years, of over RON 8 billion, reaching a historic high of RON 68 billion in 2022, which is 48% over that of 2018, according to KeysFin annual study "Romanian Agricultural Sector."For 2023, KeysFin analysts estimate the continued growth of the sector and thus exceeding the record level reached in 2022, close to the RON 80 billion threshold, based on the persistence of inflationary pressures and the estimated increase in annual crop production of 24%, the third largest annual advance among member states as forecasted by the General Directorate for Agriculture and Rural Development from the European Commission this year."Although for 2023 we estimate the continuation of the sector growth, we point to the need to prioritise investment in infrastructure and modernisation of this sector, so that Romania remains a net exporter of agricultural produce, after in the year of the pandemic it became a net importer for the first time in the last 10 years. As a strategic direction, we should follow the example of Poland, namely invest in processing, so that in the long term we have a positive balance of international trade with agri-food products, which has a higher added value," says Diana Florescu, economic analyst KeysFin, a leading provider of business information solutions in Romania.According to KeysFin specialists, the number of companies that reported their financial results in 2022 remained close to that of the previous year, namely 26.5 thousand companies (based on data extracted in September 2023).The net result increased by 13% compared with 2021 and was 131% above that of 2018, to the record level of over RON 9.2 billion in 2022. Of the 26.5 thousand companies that reported their financial results, about 16.7 thousand made a profit (63%), 7 thousand were at a loss (26.3%) and the rest recorded a zero result in 2022.As a direct impact of the transmission of inflationary pressures, the value of crop production in the European Union increased by 15% in 2022 from the previous year, despite a decrease in harvested volumes according to Eurostat data: grain maize (-29%), sunflower (-11%), soybeans (-8.1%) and wheat (-3.1%), with rapeseed being among the few crops that posted an annual advance (+14.5%).The "Romanian Agricultural Sector" study covers all companies that reported their annual results to the Ministry of Finance and had as their main area of business one of the following NACE groups: Plant and animal husbandry - 011, 012, 013, 014, 015, 016, 017; Fisheries - 031, 032 and Forestry - 021, 022, 023, 024.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
