Romania’s business ecosystem demonstrated robust year-over-year growth in November 2025, with company registrations increasing by 23.12% compared to the same month last year, according to the latest business registration data. The country recorded 15,051 new business registrations , marking a significant expansion in entrepreneurial activity despite a modest 5.18% decline from October 2025.

Entity Type Analysis: PFA Registrations Surge

The data reveals a notable shift in business entity preferences. While SRL (Limited Liability Companies) remained the dominant form with 9,582 registrations , representing 63.7% of all new businesses, the most dramatic growth occurred in PFA (Authorized Physical Person) registrations. PFAs increased by 67.93% year-over-year to 5,068 registrations , suggesting a growing preference for simpler business structures among individual entrepreneurs.

Individual enterprises (II) also showed healthy growth at 17.59%, while more complex structures like SA (Joint Stock Companies) remained stable at 10 registrations. The data indicates a diversification in business forms, with SCS (Simple Limited Partnerships) appearing for the first time in the November comparison period.

Regional Distribution: Strong Growth Beyond Bucharest

Bucharest maintained its position as the primary business hub with 3,236 registrations , but the most impressive growth occurred in other regions. Dolj County led growth with a 106.4% increase, followed by Iași at 94.15% and Vâlcea at 102.97% .

This pattern suggests business formation is becoming more geographically distributed, with traditional economic centers like Cluj (802 registrations, 33.22% growth), Timiș (760 registrations, 70.4% growth), and Iași (664 registrations) showing particularly strong performance.

Industry Trends: Manufacturing and Transport Lead Growth

The industrial composition of new businesses revealed significant shifts. The manufacturing sector experienced explosive growth of 258.04% year-over-year, reaching 1,604 registrations . This represents a substantial increase from 448 registrations in November 2024, indicating renewed interest in production activities.

Transport and storage emerged as the largest sector by volume with 3,053 registrations, growing 68.67% from the previous year. Other service activities also showed strong growth at 78.15%, while wholesale and retail trade maintained its position as the second-largest sector with 1,957 registrations.

The construction sector remained stable with 2.51% growth to 1,142 registrations, while professional, scientific, and technical activities saw a slight decline of 5.01% to 1,233 registrations.

Business Lifecycle: Healthy Ecosystem Despite High Churn

The business ecosystem showed resilience despite a high churn rate of 83.28% . November 2025 saw 12,535 business exits, comprising 1,327 suspensions, 4,888 dissolutions, and 6,320 deregistrations .

Year-over-year comparisons reveal mixed patterns in business exits. Suspensions decreased by 16.91%, while dissolutions increased by 11.75%. Deregistrations showed a notable decline of 13.34% compared to November 2024 .

The net business growth of 2,516 companies and a health ratio of 1.2 (registrations to exits) indicate a fundamentally healthy business environment where new business formation continues to outpace closures.

Long-Term Trends and Context

The 12-month moving average of 12,485 registrations shows sustained growth momentum, with the current month’s registrations exceeding the moving average by 2,566. This represents a positive trend in the business formation environment.

When considering the broader context, it’s important to note that the business registration patterns observed in 2025 reflect a post-pandemic normalization. The disruptions of 2020-2021 created structural anomalies in business formation patterns, making year-over-year comparisons with those years less meaningful for trend analysis.

The data suggests Romania’s business ecosystem is experiencing healthy expansion, with particular strength in manufacturing, transport, and service sectors. The geographic diversification of business formation beyond Bucharest indicates broader economic development across multiple regions, while the preference for simpler business structures like PFAs suggests increased accessibility to entrepreneurship for individual business owners.