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.
Loud screens and noise stress young children and affect their development Sound pollution in Romanian homes affects children's learning, play, and sleep, who are more vulnerable to noise than adults Studies show that children exposed to TV for 2 hours daily are 6 times more likely to experience language development delays Renowned doctor: Experiences actually […]
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
