Romania’s business landscape showed robust expansion in November 2025, with company registrations climbing 23.12% compared to the same month last year. The country recorded 15,051 new business registrations , up from 12,225 in November 2024 .

Entity Type Analysis: PFA Registrations Skyrocket

The most dramatic change came from individual enterprises (PFA), which surged 67.93% year-over-year to 5,068 registrations . This represents a significant shift toward individual entrepreneurship and suggests growing confidence in the viability of small-scale business ventures.

Limited liability companies (SRL), which remain the dominant business form, grew more modestly at 8.44% to 9,582 registrations . The data shows a clear trend toward simpler business structures, with partnerships (SNC) also showing substantial growth of 233.33%, albeit from a very small base.

Industry Sector Performance: Manufacturing Leads Growth

The industrial sector showed remarkable dynamism, with manufacturing (Industria prelucrătoare) experiencing explosive growth of 258.04% to 1,604 registrations . This suggests renewed investment in production capabilities and potentially reflects supply chain diversification trends.

Transport and storage emerged as the largest sector by volume with 3,053 registrations, representing a 68.67% increase from November 2024 . The wholesale and retail trade sector maintained strong performance with 1,957 registrations.

Notably, construction showed modest growth of 2.51% to 1,142 registrations, while professional, scientific, and technical activities declined slightly by 5.01% to 1,233 registrations. The hospitality sector (hotels and restaurants) rebounded with 33.33% growth to 684 registrations, indicating continued recovery in tourism and dining.

Business Exit Trends: Mixed Signals on Business Churn

While new registrations surged, business exits showed a mixed pattern. The total business churn rate stood at 83.28% , meaning for every 100 new businesses registered, approximately 83 businesses exited the market through suspensions, dissolutions, or deregistrations.

Year-over-year comparisons reveal important shifts in business exits:

• Suspensions decreased by 16.91% to 1,327
• Dissolutions increased by 11.75% to 4,888
• Deregistrations decreased by 13.34% to 6,320

The net result was positive business ecosystem growth of 2,516 companies , with a health ratio of 1.2 new businesses for every business exit.

Regional Distribution: Strong Growth Beyond Bucharest

Bucharest maintained its position as the business capital with 3,236 registrations , but the most impressive growth occurred in regional centers. Dolj County led growth with a 106.4% increase to 516 registrations, followed by Vâlcea at 102.97% growth to 205 registrations, and Iași at 94.15% growth to 664 registrations .

This regional diversification suggests business formation is spreading beyond traditional economic centers, potentially indicating broader economic development across the country.

Context and Seasonal Considerations

November typically shows moderate business registration activity in Romania, positioned between the stronger fall months and the year-end slowdown. The 23.12% year-over-year growth significantly exceeds typical seasonal patterns and represents the strongest November performance in recent years.

The 12-month moving average of 12,485 registrations indicates sustained business formation momentum, with the current month’s 15,051 registrations well above this trend line.

The data reflects a business environment where individual entrepreneurship (PFA) is becoming increasingly attractive, possibly due to regulatory simplifications, digital platform opportunities, or changing work patterns. The manufacturing sector’s resurgence aligns with broader European trends toward industrial reshoring and supply chain resilience.

The mixed business exit data—with fewer temporary suspensions but more formal dissolutions—suggests businesses are making more definitive decisions about their viability rather than temporarily pausing operations. This could indicate a more mature business environment where entrepreneurs are quicker to recognize unsustainable ventures.

The November 2025 business registration data paints a picture of a dynamic Romanian economy with strong entrepreneurial momentum, particularly in individual enterprises and manufacturing. The regional diversification of growth and the positive net business formation suggest a broadening economic base that extends beyond traditional urban centers.