In Iași, PFAs Now Outnumber SRLs — and Cluj Shows It Wasn't a Choice AI
Romania’s new-business engine is no longer building companies. July 2026 produced just 11,049 registrations, down 27.2% from 15,168 a year earlier. But the headline hiding inside that number is worse: the cheapest, most fragile legal shell in the Romanian system is quietly becoming the default, and in one of the country’s top university hubs it has already taken over.
Limited-liability companies — SRLs — cratered to 5,963 registrations, from 10,832 a year earlier, a drop of nearly 45%. Meanwhile PFAs — authorized natural persons, the low-cost sole-operator form — climbed to 4,662, from 3,886, up almost 20%. The national SRL lead over PFA collapsed from 6,946 to just 1,301 in twelve months.