July 2025 - Romania’s business registration landscape demonstrated robust growth throughout the second quarter of 2025, with July marking a particularly strong performance that capped off a period of sustained entrepreneurial activity. The data reveals a business ecosystem that continues to expand despite ongoing market adjustments.

Quarterly Performance Overview

The second quarter of 2025 showed consistent growth momentum, with July delivering the strongest performance of the quarter. Total registrations reached 15,168, representing a remarkable 117.7% year-over-year increase compared to July 2024. This followed solid performances in May (12,879 registrations) and June (11,765 registrations), creating a quarterly total of approximately 39,812 new business registrations.

The 12-month moving average stood at 11,204, indicating that July’s performance significantly exceeded the recent trend, suggesting potential acceleration in business formation activity.

Entity Type Distribution Shifts

Limited liability companies (SRLs) continued to dominate the business landscape, accounting for 10,832. However, the most notable trend across the quarter was the explosive growth in individual enterprises (PFAs), which saw a 148.6% year-over-year increase in July, reaching 3,886 registrations.

The quarter also showed significant growth in individual entrepreneurs (II), which increased by 88.8% year-over-year in July. Meanwhile, traditional corporate forms like joint-stock companies (SA) and partnerships (SNC) showed substantial percentage growth from small bases, though their absolute numbers remained modest.

Industry Sector Performance

The transportation and storage sector emerged as the quarter’s standout performer, showing consistent double-digit growth across all three months. In July, the sector reached 14,065, representing a 51.4% year-over-year increase.

Wholesale and retail trade maintained its position as the largest sector by registration volume, with 14,213 registrations in July. Professional, scientific, and technical activities also showed strong performance throughout the quarter, reaching 8,312 registrations in July.

The construction sector demonstrated steady growth, while manufacturing showed mixed results with some monthly fluctuations. The hospitality sector (hotels and restaurants) maintained stable performance despite some monthly variations.

Business Ecosystem Health

The business ecosystem showed improved health metrics in July,, indicating that new business formation exceeded business closures for the first time in the quarter. This represented a significant improvement from May and June, when the churn rate exceeded 100%.

Total business exits in July reached 14,109, consisting of 1,829 suspensions, 5,136 dissolutions, and 7,144 deregistrations. The net growth of 1,059 businesses in July marked a positive turnaround from the previous two months.

Quarterly Comparison and Seasonal Patterns

Compared to the same quarter in 2024, Q2 2025 showed substantial improvement across most metrics. The year-over-year growth rates were particularly strong in July, though May and June also showed healthy increases of 31.1% and 22.8% respectively.

The data suggests that the traditional summer slowdown in business registrations may have been less pronounced this year, with July’s strong performance potentially indicating increased confidence in the economic environment or the impact of specific policy measures implemented earlier in the year.

Conclusion

The second quarter of 2025 demonstrated Romania’s continued entrepreneurial vitality, with July’s exceptional performance suggesting potential acceleration in business formation activity. The shift toward individual enterprise forms (PFAs and IIs) alongside the dominance of SRLs indicates a diverse and adaptable business landscape.

While the transportation sector’s strong performance and the improved business ecosystem health metrics are positive indicators, the data also shows ongoing market adjustments as businesses continue to navigate post-pandemic economic conditions. The quarter’s overall performance suggests a business environment that, while facing challenges, continues to generate significant new economic activity.

Note: This analysis is based on official business registration data through July 2025 and does not include forward-looking projections beyond the available data period.