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.
The investment includes the modernization of the production unit in Crevedia and the launch of PIUA, Maidan’s first premium spreadable product range, responding to the growing demand in the ready-to-eat market. Maidan, a company active in corporate and private event catering, industrial catering and the development of its own gastronomic products, announces a total investment […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated […]
Unanimously adopted, the Nordis Law marks a decisive moment for Romania’s residential market. It introduces a set of rules designed to protect buyers, hold developers accountable, and reduce speculative risks, with a strong focus on transparency and stability. Under the new legislation, the reservation fee cannot exceed 5% of the property value, reservation contracts cannot […]
Via Dobrogeana, a planned trail covering the southeastern part of the country, aims to offer travelers the opportunity to explore the region's cultural and ethnic diversity. The trail will be about 850 km long, stretching from the 17th-century Sfânta Precista Monastery in Galați to Ialomița County. Via Dobrogeana will be a mixed route. In addition […]
Police and prosecutors carried out 25 searches in Romania and Italy on Tuesday, November 18, aiming to dismantle a group made up of four families, who allegedly sexually exploited, mainly in Italy, more than 30 victims. After the searches, 19 people were detained, and two others were placed under judicial control for forming an organized […]
Deep Purple, one of the most important rock bands in the world, is set to return to Romania for a concert on October 1, 2026, at the BT Arena in Cluj-Napoca. A giant in global rock, Deep Purple is one of the most appreciated bands in the world. The group boasts five decades of chart-topping […]
