The nation’s economic heart is failing. Bucharest recorded a shocking 945 business dissolutions in November alone , representing nearly 20% of all permanent business closures nationwide.

This isn’t just a regional problem—it’s a systemic crisis. When Romania’s capital and largest economic hub experiences such catastrophic business failure, the ripple effects will devastate the entire national economy. Cluj (263 dissolutions), Timiș (257), and Ilfov (245) follow closely behind, suggesting the crisis is spreading from urban centers outward.

BUSINESS TYPES: SRLs DOMINATE BUT PFA VULNERABILITY EXPOSED

The entity type breakdown reveals another layer of vulnerability. While SRLs (limited liability companies) accounted for 9,582 registrations , PFAs (authorized physical persons) represented 5,068 .

This disproportionate reliance on individual entrepreneurs (PFAs) rather than more stable corporate structures (SRLs) creates systemic fragility. PFAs typically have fewer resources, less access to credit, and higher vulnerability to economic shocks. When these micro-enterprises fail—as they are doing at an 83.3% churn rate—they take with them not just businesses but family livelihoods.

THE VERDICT: ECONOMIC STRESS AT BREAKING POINT

The November 2025 data paints a picture of an economy under severe stress:

1. Dangerously High Churn: 83.3% of businesses are exiting the market through suspensions, dissolutions, or deregistrations
2. Thin Safety Margin: Net growth of just 2,516 businesses provides almost no buffer against further deterioration
3. Accelerating Permanent Closures: Dissolutions increased 11.75% year-over-year while registrations declined
4. Sectoral Imbalances: Explosive growth in transport and manufacturing suggests speculative bubbles
5. Geographic Concentration: Bucharest’s collapse threatens national economic stability
6. Structural Fragility: Over-reliance on vulnerable PFA entities rather than stable corporate structures

While the health ratio of 1.2 might suggest a functioning ecosystem, this number is dangerously close to the tipping point where exits exceed entries. The trend is clear and alarming: Romania’s business environment is deteriorating rapidly, with November 2025 potentially marking the beginning of a more severe economic contraction.

The government’s response—or lack thereof—to this business bloodbath will determine whether Romania faces a temporary downturn or a full-blown economic crisis. With 12,535 businesses exiting in a single month, the warning signs couldn’t be clearer.