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.
Sibiu International Theater Festival (FITS) has announced for this year a program that is set to bring actors such as John Malkovich or Isabelle Adjani to the central Romania city. The 31st edition of the festival, which focuses this year on the theme of Friendship, takes place between June 21 and June 30. The tickets […]
Climate Change Summit, the event on climate change issues, will host at this year’s edition a competition rewarding transformative solutions addressing environmental challenges. The competition Climate Change Summit Awards targets individuals under 30 and small and medium enterprises from Romania and Central and Eastern Europe (CEE) developing ideas in the areas of energy, mobility, construction, circular economy, […]
A 53-year-old man from Sri Lanka, internationally wanted for a murder committed in Bucharest in 1991 and arrested in Germany at the beginning of this year, will be brought to Romania on April 23 to serve a 19-year prison sentence. The man will be brought to the country by an escort of the Romanian Police. […]
Romania will celebrate 20 years since joining NATO with an extraordinary concert to be held at the famous Andrew W. Mellon Auditorium in Washington DC, the very hall where the NATO Treaty was signed 75 years ago. The concert, titled 'Faith, Freedom and Friendship. Celebrating 20 years of Romania’s NATO membership', will take place on […]
The "I.C. Brătianu" Museum Centre in Buzău will host the first edition of the Slow Food Romania Conference on May 24. Organized by the Slow Food Buzău Community, the event brings together slow food communities in Romania as well as artisanal food enthusiasts from across the country. In addition to the conference, the artisan food market Piața Artizanilor will […]
The 12th edition of the Haferland Week, an event dedicated to promoting the culture and traditions of the Saxons of Transylvania, will take place this year between August 8 and 11. The theme of the 2024 edition will be 'History, tradition, and culture, yesterday and today in Haferland,’ as announced by the organizers, the M&V […]
