Now let me calculate the quarterly totals and analyze the trends:

BUCHAREST - Romania’s business landscape showed robust growth in the third quarter of 2025, with company registrations surging across all major entity types and industries compared to the same period last year, according to official registration data analyzed for July through September.

Quarterly Performance Overview

The third quarter of 2025 witnessed a remarkable surge in business formation, with total registrations reaching 41,413. This represents a substantial increase from the 21,841 registrations recorded in Q3 2024, marking an 89.6% year-over-year growth.

The quarter demonstrated consistent momentum, starting with 15,168, followed by 11,435, and closing with 14,810.

Entity Type Analysis: SRLs and PFAs Lead Expansion

The growth was driven primarily by limited liability companies (SRLs) and individual enterprises (PFAs), which together accounted for over 90% of all new registrations.

SRL registrations showed strong performance throughout the quarter:

• July: 10,832
• August: 7,613
• September: 9,343

PFA registrations demonstrated even more dramatic growth:

• July: 3,886
• August: 3,415
• September: 4,938

The year-over-year comparisons reveal the scale of this expansion. In September 2025 alone,,.

Industry Sector Performance

The wholesale and retail trade sector maintained its position as the dominant industry for new business formation, with 18,223. However, the most impressive growth came from the transportation and storage sector,.

Other sectors showing strong performance included:

• Professional, scientific, and technical activities: 10,869 registrations
• Construction: 10,513 registrations
• Other service activities: 9,718 registrations
• IT and telecommunications: 6,862 registrations

The manufacturing sector also showed healthy growth with 4,897 registrations in September,.

Regional Distribution

Bucharest continued to lead in business formation with 3,366, representing a 50.5% increase over September 2024. The capital region’s dominance was complemented by strong growth in surrounding Ilfov county,, indicating slightly more business closures than openings,, reflecting a healthier business environment.

The net business growth for September stood at 1,859, with a health ratio of 1.14 indicating that for every business exit, 1.14 new businesses were created.

Seasonal Patterns and Outlook

The Q3 2025 performance follows typical seasonal patterns for Romanian business registrations, with July typically showing the strongest performance of the quarter, followed by a slight dip in August due to summer holidays, and recovery in September as business activity resumes.

The 12-month moving average of 12,152 suggests sustained momentum in the business formation landscape, with the current September performance of 14,810 registrations well above this trend line.

The data indicates that Romania’s entrepreneurial ecosystem continues to demonstrate resilience and growth momentum, with particularly strong performance in individual entrepreneurship and service-oriented sectors. The consistent year-over-year growth across multiple quarters suggests structural strength in the business formation environment rather than temporary fluctuations.