Statistics / Annual report

Romania, county by county. 2024

Capital, people and business. Discover the differences on the map.

42 TERRITORIES · BALANCE SHEETS AND TENDERS 2024

Where capital gathers

Pick a county
All economic activities2024
Alba: 13.9B RON
Argeș: 46.75B RON
Arad: 15.43B RON
București: 1.55T RON
Bacău: 36.39B RON
Bihor: 18.33B RON
Bistrița-Năsăud: 6.95B RON
Brăila: 5.01B RON
Botoșani: 4.11B RON
Brașov: 27.98B RON
Buzău: 8.27B RON
Cluj: 52.44B RON
Călărași: 6.73B RON
Caraș-Severin: 2.77B RON
Constanța: 28.84B RON
Covasna: 4.88B RON
Dâmbovița: 8.25B RON
Dolj: 20.24B RON
Gorj: 7.61B RON
Galați: 12.97B RON
Giurgiu: 2.76B RON
Hunedoara: -3.98B RON
Harghita: 7.82B RON
Ilfov: 67.73B RON
Ialomița: 5.08B RON
Iași: 23.12B RON
Mehedinți: 1.51B RON
Maramureș: 10.38B RON
Mureș: 21.81B RON
Neamț: 8.05B RON
Olt: 10.67B RON
Prahova: 25.57B RON
Sibiu: 34.25B RON
Sălaj: 6.09B RON
Satu Mare: 9.8B RON
Suceava: 30.06B RON
Tulcea: 4.28B RON
Timiș: 41.38B RON
Teleorman: 2.45B RON
Vâlcea: 6.75B RON
Vrancea: 4.81B RON
Vaslui: 3.3B RON

Equity · RON

Blue: low valuesYellow: high values
-4B
69.7B
349.3B
842.9B
1.6T

42 of 42 territories with values · Relative scale across counties in this selection · square-root spacing, anchored at zero. Colours are recalculated when the selection changes.▧ No data

Romania · all sectors · balance sheets available for 2024

Values to review · 1 companies

1 companies have large values or unusual annual changes. They are flagged for review, without automatic exclusion.

Size of the selection

Updated 10/9/2026, 12:19:10 PM · balance sheets 2024 / 2023

Companies analysed
968,499
With at least one financial indicator available
Cumulative turnover
2.75T RON
799,613 companies with a known value
Cumulative net result
176.86B RON
968,135 companies · profit minus losses
Employees reported
4,267,964
676,975 companies · annual averages summed
/01Geography

Where business concentrates

Turnover and jobs, by the companies' current registered office. Pick a county from the list to continue the analysis.

București holds 36.8% of observed sales, with 186,835 companies.

Counties by turnover

Top 8 · 2024 balance sheets · share of the located-county total

  1. 1.01T RON36.8%
  2. 207.13B RON7.5%
  3. 124.31B RON4.5%
  4. 124.13B RON4.5%
  5. 102.08B RON3.7%
  6. 81.68B RON3%
  7. 80.14B RON2.9%
  8. 72.85B RON2.7%

Where the employees are

Top 8 by reported average headcount · share of the located-county total

  1. 1,168,20127.4%
  2. 222,3515.2%
  3. 214,2625%
  4. 204,4154.8%
  5. 150,7603.5%
  6. 137,5193.2%
  7. 135,4533.2%
  8. 127,3133%
/02CAEN sectors

Which sectors drive the economy?

Compare the main activities in Romania. Open a sector for details.

In Comerț cu carburanți, ten companies make 85.2% of sales. In Transport rutier de mărfuri, only 5.1%.

SECTOR RADIOGRAPHY

All sectors · Romania

How much of a sector fits in ten companies?

Concentration extremes among the top 8 sectors by turnover · share of observed sales, not market share

  1. Comerț cu carburanți85.2%
  2. Transport rutier de mărfuri5.1%
40 sectors · descending orderTurnover · 2024
01
45,955 companies

151.86B RON

Turnover · 2024/2023+8.5%

34,631 comparable

Top 10 companies

67.1%

02
53,289 companies

99.02B RON

Turnover · 2024/2023+8.9%

35,973 comparable

Top 10 companies

14.8%

03
48,078 companies

78.42B RON

Turnover · 2024/2023+6.7%

35,025 comparable

Top 10 companies

5.1%

04
1,300 companies

77.13B RON

Turnover · 2024/2023+3.2%

1,056 comparable

Top 10 companies

85.2%

05
1,852 companies

67.81B RON

Turnover · 2024/2023+14.9%

1,444 comparable

Top 10 companies

44.3%

06
5,154 companies

53.27B RON

Turnover · 2024/2023+10.1%

3,381 comparable

Top 10 companies

51.1%

07
27,858 companies

49.06B RON

Turnover · 2024/2023+8.6%

19,570 comparable

Top 10 companies

20.3%

08
348 companies

48.28B RON

Turnover · 2024/2023+6%

298 comparable

Top 10 companies

53.1%

09
8,268 companies

47.32B RON

Turnover · 2024/2023+7.2%

6,336 comparable

Top 10 companies

24%

10
36 companies

46.71B RON

Turnover · 2024/2023+17.1%

22 comparable

Top 10 companies

100%

One company, one main code. Growth uses the same companies in both years; missing values remain "—". CAEN definitions sit next to each name.

/03Performance

What the typical company looks like

Beyond the giants: sales and margin of the company in the middle of the distribution.

The typical company sells 191.94K RON a year and keeps 7.5% of sales as net profit.

Median turnover
191.94K RON
799,613 values available
Median net margin
7.5%
732,009 eligible companies
Aggregate net margin
6.5%
Cumulative profit / cumulative sales, same companies
Profitable companies
54%
522,347 of 968,135 with a known result

Distribution of net margins

Companies by margin band · net profit / positive turnover

  • Loss217,92629.8%
  • Zero result3650%
  • Above 0–2%54,7327.5%
  • Above 2–5%55,7397.6%
  • Above 5–10%67,2939.2%
  • Above 10%335,95445.9%

732,009 companies with a known profit and positive sales; 236,490 excluded. Bands describe margins, not bankruptcy risk.

/04Change

Who grew. Who shrank.

Same companies, two years. Compare the change in sales with the change in jobs.

53.3% of the 699,211 comparable companies sold more in 2024 than in 2023.

Cumulative turnover
+4.2%
699,211 companies with turnover in both years
Median turnover change
+4.2%
Only companies with a positive 2023 baseline
Number of employees
-0.6%
585,447 companies with employees reported in both years

More sales or fewer?

Number of companies with comparable data, split by direction of change

  • Growth372,42853.3%
  • Decline286,82841%
  • No change39,9555.7%

Nominal changes in RON, not adjusted for inflation. Companies without data in one of the years are not compared.

/05Dynamics

Company dynamics, county by county

Growth, survival, concentration, the trade register and state dependence in 2024: the national figure and the counties at both ends, for every map layer.

How much business grew on last year

Turnover change at the same companies · % vs 2024−1

Nationally: +4.2% in 2024. Highest values: Dolj (+13%), Argeș (+11.7%), Mehedinți (+11.6%), Tulcea (+11.3%), Suceava (+9.7%). Lowest: Gorj (-14.1%), Constanța (-6%), Satu Mare (-3%), Arad (-2.6%), Călărași (-1.9%). 42 counties with data.

The five-year growth pace

Average annual turnover growth at the same companies · % per year, 5 years

Nationally: +9.4% in 2024. Highest values: Bacău (+15.9%), Giurgiu (+12.1%), Botoșani (+11.9%), Cluj (+11%), Tulcea (+10.6%). Lowest: Galați (+5.8%), Caraș-Severin (+5.9%), Hunedoara (+6.6%), Constanța (+6.9%), Teleorman (+7.1%). 42 counties with data.

How many companies still file after five years

Companies that filed five years ago and still file in 2024 · %

Nationally: 74.8% in 2024. Highest values: Harghita (83.5%), Mureș (80.1%), Covasna (79.1%), Suceava (78.7%), Ialomița (78.2%). Lowest: Hunedoara (71%), Constanța (71.5%), Galați (71.7%), București (72.3%), Timiș (72.4%). 42 counties with data.

Where money is lost

Companies with a net loss · % of those reporting a result

Nationally: 35.2% in 2024. Highest values: Caraș-Severin (40.7%), Constanța (39.6%), Ilfov (39.2%), București (38%), Timiș (37.9%). Lowest: Neamț (27.3%), Vaslui (27.9%), Suceava (29.9%), Gorj (30.4%), Bacău (30.6%). 42 counties with data.

Companies with negative equity

Companies with negative equity · % of those reporting equity

Nationally: 32.9% in 2024. Highest values: Bihor (38.3%), Caraș-Severin (38.2%), Constanța (37.5%), Brăila (35.3%), Prahova (35.2%). Lowest: Vaslui (26.2%), Neamț (27.1%), Harghita (27.3%), Covasna (27.7%), Botoșani (27.9%). 42 counties with data.

How much the top 10 hold

Share of the top 10 companies in turnover · %

Nationally: 7.2% in 2024. Highest values: Bacău (53.5%), Alba (49.9%), Olt (49.5%), Argeș (49.3%), Dolj (46.5%). Lowest: Iași (10.7%), Bihor (15%), Suceava (15.7%), București (16.4%), Mehedinți (19.3%). 42 counties with data.

What the middle company earns

Median turnover · RON

Nationally: 191.94K RON in 2024. Highest values: Covasna (238.85K RON), Harghita (235.59K RON), Ialomița (229.61K RON), Ilfov (221.24K RON), Călărași (215.95K RON). Lowest: Gorj (139.37K RON), Hunedoara (143.1K RON), Vrancea (146.18K RON), Mehedinți (155.05K RON), Bistrița-Năsăud (160.97K RON). 42 counties with data.

Turnover per employee

Turnover per employee · RON

Nationally: 630.18K RON in 2024. Highest values: Ilfov (911.63K RON), București (841.57K RON), Argeș (736.12K RON), Bacău (659.82K RON), Alba (658.73K RON). Lowest: Mehedinți (312.07K RON), Gorj (315.74K RON), Caraș-Severin (325.77K RON), Hunedoara (359.89K RON), Vrancea (360.97K RON). 42 counties with data.

Where companies are born and where they vanish

Registrations minus strike-offs per 1,000 active companies · ‰

Nationally: +66.8‰ in 2024. Highest values: Ilfov (+109.6‰), Giurgiu (+76.4‰), Iași (+74.9‰), Dâmbovița (+74.8‰), Sibiu (+73.7‰). Lowest: Covasna (+35.4‰), Harghita (+37.3‰), Teleorman (+50.6‰), Caraș-Severin (+50.7‰), Tulcea (+54.1‰). 42 counties with data.

How much business comes from the state

SICAP contracts won by local companies · % of turnover

Nationally: 33.8% in 2024. Highest values: Olt (78.3%), Hunedoara (72.9%), Ilfov (59.8%), București (52.1%), Botoșani (51.4%). Lowest: Alba (5.1%), Arad (5.4%), Sibiu (5.5%), Covasna (6%), Giurgiu (6%). 42 counties with data.

/06Data

The data behind the map

The same aggregates as on the map, also available as tables, with a stable citation for every version.

Analysis: DemoANAF.ro · Romania · all activities.

In Romania, the 2024 report covers 968,499 companies with available indicators (all activities). This is the observed sample, not the number of all registered companies.

The median net margin is 7.5% in 2024, computed for 732,009 companies with positive sales and a known net result, including loss-making companies. 236,490 companies do not meet these conditions.

54,732 companies have strictly positive margins of at most 2% (7.5% of eligible companies). 217,926 eligible companies have negative margins.

522,347 of 968,135 companies with a known net result are profitable: 54%. The cumulative net result, after subtracting losses, is 176.86B RON.

The cumulative turnover of the 699,211 comparable companies changed by +4.2% between 2023 and 2024, in nominal RON.

Counties · 43
Counties · 2024 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Alba15,13944.51B RON1.87B RON67,23513.9B RON4.7%
Arad19,91850.21B RON2.82B RON90,25815.43B RON6.3%
Argeș27,014102.08B RON4.68B RON137,51946.75B RON6.2%
Bacău19,93460.86B RON6.68B RON91,45936.39B RON7.6%
Bihor34,84361.72B RON3.2B RON123,72818.33B RON4.9%
Bistrița-Năsăud13,16621.65B RON1.31B RON47,1726.95B RON6.2%
Botoșani7,60214.67B RON1B RON31,2634.11B RON5.5%
Brăila9,52914.16B RON798.14M RON32,9285.01B RON4.2%
Brașov35,67281.68B RON4.61B RON150,76027.98B RON8.2%
București186,8351.01T RON68.4B RON1,168,2011.55T RON11.6%
Buzău14,74129.76B RON1.27B RON55,4308.27B RON6.4%
Călărași7,99214.77B RON930.46M RON26,1406.73B RON5.7%
Caraș-Severin7,2508.83B RON473.58M RON26,4962.77B RON2.8%
Cluj59,618124.13B RON10.92B RON214,26252.44B RON11.1%
Constanța37,33980.14B RON5.32B RON127,31328.84B RON7.3%
Covasna6,06812.03B RON550.48M RON27,2774.88B RON5.6%
Dâmbovița14,53426.82B RON1.53B RON53,0698.25B RON6.7%
Dolj24,89659.73B RON3.68B RON95,49620.24B RON8.2%
Galați18,99936.69B RON462M RON75,62612.97B RON6.1%
Giurgiu8,98414.56B RON222.57M RON25,8502.76B RON6.2%
Gorj12,18713.85B RON1.18B RON43,2627.61B RON7.1%
Harghita11,10919.68B RON1.22B RON48,9377.82B RON4.8%
Hunedoara14,73120.09B RON808.61M RON54,763-3.98B RON5.3%
Ialomița7,09112.54B RON589.52M RON23,6215.08B RON4.9%
Iași33,05954.53B RON5.42B RON124,18523.12B RON9.3%
Ilfov54,179207.13B RON12.69B RON222,35167.73B RON9.1%
Județ necunoscut1,3225.29B RON580.38M RON8,4703.95B RON3%
Maramureș19,24832.39B RON2.03B RON79,31410.38B RON5%
Mehedinți5,9445.99B RON527.91M RON18,4381.51B RON5.9%
Mureș23,12252.8B RON2.66B RON93,76121.81B RON7.8%
Neamț14,61121.06B RON1.75B RON50,4608.05B RON6.9%
Olt12,05326.3B RON1.35B RON46,06710.67B RON7.2%
Prahova31,07772.85B RON2.97B RON135,45325.57B RON6.4%
Sălaj8,89614.67B RON1.31B RON28,9646.09B RON6.6%
Satu Mare12,64429.29B RON1.83B RON55,9379.8B RON5.5%
Sibiu21,51658.4B RON6.63B RON107,98834.25B RON7.9%
Suceava22,23737.49B RON3.1B RON79,37030.06B RON5.5%
Teleorman8,46210.78B RON434.62M RON26,5442.45B RON5.2%
Timiș42,871124.31B RON5.68B RON204,41541.38B RON8.5%
Tulcea7,89814.61B RON599.97M RON29,5344.28B RON5.5%
CAEN sectors · Romania · 40
CAEN sectors · Romania · 2024 balance sheets · values in RON · unknown values are marked "—".
Territory / activityCompaniesSalesNet profitEmployeesEquityMedian margin
Comerț alimentar nespecializat · CAEN 471145,955151.86B RON3.98B RON175,57927.37B RON2%
Construcții de clădiri · CAEN 412053,28999.02B RON10.19B RON210,95630.59B RON8.1%
Transport rutier de mărfuri · CAEN 494148,07878.42B RON3.76B RON160,48714.86B RON3.6%
Comerț cu carburanți · CAEN 47301,30077.13B RON1.05B RON14,8357.38B RON2.1%
Distribuție farmaceutică și medicală · CAEN 46461,85267.81B RON2.77B RON21,12612.09B RON8%
Comerț cu autoturisme și autovehicule ușoare (sub 3,5 tone) · CAEN 45115,15453.27B RON1.55B RON17,8345.62B RON1.2%
Activități de realizare a soft-ului la comandă (software orientat client) · CAEN 620127,85849.06B RON7.21B RON119,58516.83B RON61.9%
Fabricarea altor piese și accesorii pentru autovehicule și pentru motoare de autovehicule · CAEN 293234848.28B RON999.64M RON69,49114.59B RON2.1%
Comerț cu ridicata nespecializat · CAEN 46908,26847.32B RON3.52B RON38,03114.46B RON5.7%
Fabricarea autovehiculelor · CAEN 29103646.71B RON943.14M RON17,70126.64B RON2%
Comerț cu ridicata nespecializat de produse alimentare, băuturi și tutun · CAEN 46392,22346.31B RON931.62M RON30,7847.35B RON2.9%
Lucrări de construcții a drumurilor și autostrăzilor · CAEN 42112,74545.01B RON2.81B RON52,0508.28B RON10.5%
Comerț cu ridicata al cerealelor, semințelor, furajelor și tutunului neprelucrat · CAEN 46212,07041.79B RON334.48M RON7,9875.63B RON1.3%
Comerț cu amănuntul al produselor farmaceutice · CAEN 47733,69940.92B RON1.03B RON39,7204.67B RON3.2%
Fabricarea de echipamente electrice și electronice pentru autovehicule și pentru motoare de autovehicule · CAEN 29318237.43B RON42.46M RON55,1547.12B RON2.6%
Comerț cu ridicata al materialului lemnos și al materialelor de construcții și echipamentelor sanitare (Rev.2) / Comerț cu ridicata al motocicletelor; comerț cu ridicata al pieselor și accesoriilor pentru motociclete (Rev.3) · CAEN 46737,54834.54B RON1.22B RON33,51710.12B RON3.2%
Extracția petrolului brut · CAEN 06102130.02B RON3.47B RON7,86931.62B RON-27.6%
Producția de energie electrică · CAEN 35114,64429.46B RON7.9B RON23,13476.74B RON26.5%
Comercializarea energiei electrice (Rev.2) / Distribuția energiei electrice (Rev.3) · CAEN 351430129.35B RON457.76M RON2,1352.32B RON3.5%
Cultivarea cerealelor (excluzând orezul), plantelor leguminoase și a plantelor oleaginoase · CAEN 011111,18528.33B RON535.86M RON43,79727.15B RON4.3%
Restaurante · CAEN 561019,22926.49B RON1.88B RON107,7405.28B RON2.2%
Comerț cu ridicata al combustibililor solizi, lichizi și gazoși al produselor derivate (Rev.2) / Comerț cu ridicata al autovehiculelor (Rev.3) · CAEN 46711,21325.25B RON821.16M RON7,8773.28B RON2.4%
Comercializarea combustibililor gazoși, prin conducte · CAEN 35235123.41B RON1.33B RON1,83011.34B RON2.1%
Comerț cu amănuntul al articolelor de fierărie, al articolelor din sticlă și a celor pentru vopsit, în magazine specializate (Rev.2) / Comerț cu amănuntul al articolelor de fierărie, al materialelor de construcții, al articolelor din sticlă și a celor pentru vopsit (Rev.3) · CAEN 47522,66221.84B RON2.04B RON25,4117.72B RON3.2%
Activități de inginerie și consultanță tehnică legate de acestea · CAEN 711219,28921.35B RON3.83B RON53,97610.21B RON27.2%
Comerț cu ridicata al produselor chimice · CAEN 46751,14621.07B RON632.37M RON7,2656.53B RON4.4%
Lucrări de instalații electrice · CAEN 43219,70720.93B RON2.53B RON48,0706.86B RON11.2%
Închirierea și subînchirierea bunurilor imobiliare proprii sau în leasing (Rev.2) / Închirierea și subînchirierea bunurilor imobiliare proprii sau închiriate (Rev.3) · CAEN 682016,30320.31B RON4.1B RON24,40483.69B RON23%
Comerț cu ridicata de piese și accesorii pentru autovehicule · CAEN 45312,37720.3B RON742.99M RON17,9365.1B RON3.6%
Comerț cu amănuntul prin intermediul caselor de comenzi sau prin internet (Rev.2) / Intermedieri în comerțul cu amănuntul nespecializat (Rev.3) · CAEN 479126,73419.93B RON1.41B RON22,4983.26B RON3.5%
Dezvoltare (promovare) imobiliară · CAEN 41108,46219.79B RON3.13B RON10,70024.19B RON11.1%
Fabricarea produselor obținute din prelucrarea țițeiului · CAEN 19204619.63B RON-441.77M RON2,10313.77M RON2.6%
Fabricarea lagărelor, angrenajelor, cutiilor de viteză și a elementelor mecanice de transmisie · CAEN 28156819.62B RON344.15M RON13,6284.45B RON3.3%
Comerț cu amănuntul al articolelor și aparatelor electrocasnice · CAEN 475455019.26B RON295.81M RON10,2643.75B RON3.3%
Comerț cu amănuntul al îmbrăcămintei, în magazine specializate (Rev.2) / Comerț cu amănuntul al îmbrăcămintei (Rev.3) · CAEN 47717,27719.21B RON1.46B RON27,5333.01B RON2.2%
Alte activități anexe transporturilor · CAEN 52292,83018.78B RON932.63M RON20,0813.1B RON6.4%
Activități de consultanță pentru afaceri și management · CAEN 702224,84418.45B RON3.23B RON39,4881.04T RON25.6%
Activități de jocuri de noroc și pariuri · CAEN 920053717.72B RON1.58B RON24,4762.9B RON1.9%
Comerț cu ridicata al produselor din tutun · CAEN 46358616.36B RON2.08B RON2,9933.13B RON2%
Activități de asistență medicală specializată · CAEN 862212,74115.35B RON2.51B RON44,0416.4B RON40.6%
SICAP tenders · values by territory

National series independent of CAEN: initiation notices published in 2024, by the authority's current office. Values are estimates, not payments.

Notices and estimated values, 2024
Territory / activityNoticesValue (RON)
Brașov9477.08B RON
Harghita3563.25B RON
Iași1,19614.16B RON
Tulcea2591.91B RON
Satu Mare3922.32B RON
Vâlcea5294.03B RON
Mehedinți3201.26B RON
Galați7177.9B RON
Ilfov5753.76B RON
Mureș9816.43B RON
București7,470259.12B RON
Maramureș6564.71B RON
Botoșani5873.06B RON
Brăila7481.87B RON
Caraș-Severin3842.77B RON
Dâmbovița4413.24B RON
Hunedoara6795.32B RON
Giurgiu2302.99B RON
Gorj8292.95B RON
Ialomița2701.8B RON
Sibiu1,0858.4B RON
Călărași2064.51B RON
Prahova6815.8B RON
Constanța98810.16B RON
Argeș7173.24B RON
Bihor8405.03B RON
Bacău6815.66B RON
Vaslui5232.24B RON
Timiș9776.99B RON
Covasna3031.13B RON
Olt4021.82B RON
Suceava8193.74B RON
Cluj1,82716.07B RON
Neamț5293.25B RON
Dolj73912.59B RON
Sălaj3931.55B RON
Alba5372.01B RON
Teleorman3241.8B RON
Bistrița-Năsăud3651.54B RON
Arad5142.58B RON
Buzău3622.16B RON
Vrancea4221.87B RON
Județ necunoscut1337.28M RON

Cite the report

Computed on 10/9/2026, 12:19:10 PM · version 20261009091910519. Annual data may be revised when new balance sheets arrive.

DemoANAF.ro. Romania business report 2024 — Romania, all activities. Version 20261009091910519, computed on 2026-10-09T09:19:10.519Z. https://demoanaf.ro/en/raport-afaceri-romania-2024#date-raport Data: https://demoanaf.ro/rapoarte/afaceri-romania-2024/date.csv?rev=20261009091910519

/07Registrations

In which months do new companies appear?

SRL, SRL-D and SA registrations observed in Romania. National series, independent of the financial filters.

Most new companies appeared in October: 10,469 observed registrations.

Pace of registrations

Earliest available registration for each CUI · coverage not confirmed

Solid line: 2024

See the monthly data
Month2024
Jan8,649
Feb9,589
Mar9,401
Apr9,020
May7,567
Jun6,907
Jul5,252
Aug4,137
Sep7,168
Oct10,469
Nov8,787
Dec5,830

Coverage not confirmed: differences between series may reflect missing data. Months without observations do not mean zero.

/08Procurement

Companies and public procurement

Pace of distinct contracts recorded in SICAP. National series, by contract date.

The month with the most SICAP contracts was April: 12,981 distinct contracts.

Contracts recorded in SICAP

A contract's lots and suppliers are not counted as separate contracts

Solid line: 2024

See the monthly data
Month2024
Jan9,154
Feb9,319
Mar10,947
Apr12,981
May11,508
Jun10,764
Jul11,260
Aug10,304
Sep10,682
Oct10,943
Nov10,382
Dec9,512

Period coverage is not confirmed. We count contracts, not payments; awarded values are not actual spending.

/09Methodology

What we measure and what stays unknown

Every percentage must have a clear population, a period and a source.

Balance sheets and coverage

We analyse companies with financial indicators available for 2024. This is not a census of all companies and does not implicitly cover only SRL/SA. The coverage of each indicator is shown separately.

Year-on-year comparisons

Annual balance sheets do not measure H1 2025 results. Companies are linked by CUI. We compare only values available in both years. Geographic and CAEN groups are those of the 2024 cohort; we do not measure relocations or sector changes.

CAEN classification

We use the main code from the balance sheet, normalised to four digits. Authorised activities are not summed. Short titles describe the activities; the exact Rev.2 and Rev.3 definitions sit next to each code. Where they differ, both are shown, without assuming the company's revision or historical equivalence.

Missing values and rates

A missing value stays unknown. Margins require positive turnover and a known net result, including losses. The median treats every company equally. The aggregate margin uses the sums of profit and sales for exactly the same eligible companies. The bands are: below 0%, exactly 0%, above 0% up to and including 2%, above 2% up to and including 5%, above 5% up to and including 10%, and above 10%. They are not solvency thresholds. Growth rates are undefined when the baseline is zero or negative.

The map: capital, employees and tenders

Capital means equity (I10), including negative values, not turnover or share capital. Employees are the reported annual averages, attributed to the current office; the per-company average uses only companies with this indicator known. Tenders are initiation notices published in 2024, located by the authority's current office. Values are estimates, not payments. Colours use fixed numeric references, not ranks or quartiles. Margins have references at −10%, 0%, 2%, 5%, 10% and 20%; extreme values keep the exact number but saturate the colour. Totals use a logarithmic magnitude scale with references in the indicator's units. Each territory has a single observed value; we do not interpolate between localities. The same value keeps the same colour when the county, local unit or CAEN changes. Hatched areas have no values available. Local-unit boundaries come from ANCPI, processed by geo-spatial.org (2025). Localities are linked to local units through the INS SIRUTA 2025 nomenclature. Ambiguous addresses stay in the county total; local units use references adapted to local magnitude, constant across counties and years.

Currencies and exchange rates

All amounts are reported in RON. Conversion to EUR uses the annual average rate published by BNR for the report year; for USD, and for years without a published average, we use the arithmetic mean of the European Central Bank's daily reference rates. Today's rate is never used. It is an indicative conversion for comparison, not an accounting revaluation.

Updates

The report is recomputed periodically from the available data. The generation date does not prove the source is complete. Changes to balance sheets may revise this edition's results.

Sources: ANAF — balance sheets; ONRC — company register; SICAP / data.gov.ro — contracts. See the data sources. Download the SVG map · ANCPI boundaries · geo-spatial.org · INS · SIRUTA 2025