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January 27, 2023

Retail sales, energy and IT, the champions of Romanian business

Last year, companies owned by Romanian entrepreneurs reported an aggregate net profit income of RON 7.2 billion, 14.2% higher than in 2011, while the overall turnover went up by 9%, to RON 183 billion, according to a study conducted by Enterprise Investors, BCR, PwC Romania and Triple Helix Association, in collaboration with Ziarul Financiar, as part of a program entitled “Campioni in Business” (Business Champions), realitatea.net informs. The highest aggregate turnovers were reported in the following sectors: wholesale (RON 55.2 billion turnover in 2012, or 30% of the total and 429 companies), constructions (RON 15.2 billion turnover in 2012, or 8.3% total and 160 companies), retail, agriculture and the food sector.
“Despite a difficult economic context, Romania’s largest business companies performed well last year. The economy was driven by retail companies (19.3% increase in turnover), energy companies (+13.8%), and companies in the IT and electrical appliances industry (+13.2%),” Ionut Simion, partner of PwC Romania, leader in fiscal consultancy services for entrepreneurs, stated. The region with the highest rate of increase in turnover in 2012 compared to 2011 is Transylvania (11.3%), followed by Muntenia (8.8%) and Moldova (5%). The region with the highest rate of net profit is Moldova (5.41%), followed by Transylvania (4.73%) and Muntenia (4.52%).

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