“Romania’s business map unveils big discrepancies between the country’s regions. If the ten most powerful counties concentrated over 70% of the total turnover and 2.2 million employees in 2019, the ten poorest counties generated a turnover of just RON65 billion in 2019 – only 4.2% of the total, with 237,000 employees. During this process of business concentration, a major role is played by the performance of local authorities whose investments in the material and human infrastructure have direct and evident consequences in increasing economic discrepancies regionally,” said Roxana Popescu, Managing Director KeysFin, one of the leading providers of business information solutions in Romania.
By the number of existing companies, Bucharest keeps the top spot, with 136.900 companies in 2019 (over 20% of the total), being followed by Cluj, with 42.900 companies (6.3 % of the total) and Ilfov, with 30.800 companies (4.5% of the total). At the opposite end, the fewest companies are registered in Mehedinti (just 3.600 firms existing in 2019), in Botosani (4.600 companies) and in Covasna (4.700 companies).
Bucharest ranks first, with a turnover of RON570.8 billion in 2019, being followed by Ilfov, with a turnover of RON111.8 billion, and Timis, with RON67.2 billion. Compared with 2015, Arges dropped a spot, to 5th from 4th, reaching a turnover of RON65.5 billion, and Cluj climbed a spot, to 4th in 2019, from 5th in 2015, with a turnover of RON65.7 billion in 2019. Prahova (RON56 billion), Constanta (RON52 billion), Brasov (RON47.3 billion), Bihor (RON34.1 billion) and Sibiu (RON34 billion) come next by the 2019 turnover of registered turnover.
In terms of profitability, Bucharest also holds the top spot, with a positive net result of RON30.9 billion, being followed by Ilfov, with RON6 billion, and Cluj, with RON5.2 billion.
By sectors of activity, commerce prevails in most Romanian counties, being closely followed by constructions, the processing industry and the IT&C.
The analysis is based in 2019 financial data reported by companies at the finance ministry until the information extraction, in September 2020. Data may see changes until end the of 2020.