The share of profit in the business figure maintained constant, exploitation profit representing 8% of the overall business figure with companies analyzed in the study, confirmed by National Company Top 2021, made by Romania's Chamber of Trade and Industry. (CCIR).According to the source, Romanian economy proves resilience, despite difficulties triggered by the health crisis. In 2021, 12,393 companies were included in the first ten positions. The cumulated business figure of companies included in the first ten places is 178.18 billion euros and the exploitation profit of companies amounted to 15.08 billion euros. As for the total number of employees of companies ranking in the first ten positions, it was 1.279 millions, CCIR representatives say. “Despite major challenges of 2020, economy did not stop, but proved resilience, showing that businessmen found the necessary solutions to adapt the new reality. Challenges remain major for Romanian companies. Labor force crisis and the high level of bureaucracy are breaks limiting economic growth. Institutional stability and a consisting dialogue with central and local authorities are essential conditions to maintain Romania's economic stability,” CCIR representatives say. 768,372 financial reports of active companies in Romania were analysed when making the TNF top, representing an increase of over 5% against the previous year. Of them, 250,925 reports entered the competition for the first ten positions in the national top, according to the methods of making company tops implemented by Chambers of Trade in all country counties. CCIR has organized the National Company Top (TNF) since 1994, being the only organization entitled to make such a top at country level by organic law. According to the source, the 28th TNF edition of 2021 classified 12,393 companies in the first ten positions at national level: 4,394 in industry, 3,441 in services, 2,613 in trade, 271 in tourism, 465 in research-development and high tech, 614 in agriculture, silviculture and fishing and 595 in constructions.
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
Romania’s state-owned railway company CFR announced on Thursday, August 7, that it will be installing sound-absorbing panels on routes around Bucharest for the comfort of neighboring localities. Nearly RON 11 million (EUR 2.1 million) from the state budget has been allocated for 800 meters of panels with heights between two and four meters. Panels will […]
A new urban regeneration project in Codlea aims to transform Romanian fairy tales into an attractive tourist and educational destination by revitalizing unused urban spaces. The project, titled "Romanian Fairy Tales Museum in Codlea," has a total funding request of over RON 18 million, with approximately RON 15.3 million coming from non-reimbursable European funds, according […]
The Romanian state has reportedly concluded a lobbying agreement with Global Security and Innovative Strategies LLC, an American consultancy firm specializing in security and public safety, which provided assistance to Qatar before it joined the US Visa Waiver program, according to Profit.ro. ...
