Analysis of the Romanian economy, as a complete universe of companies and at some of the details about who does what

type of business in this country.

Q: How many companies are in Romania? A: In September 2011 in Romania were 934,000 companies. The total Romanian business market is therefore somewhat smaller than this, considering that not all those companies are actually doing business and some of them have actually stopped their activity in the end of 2010. As a matter of fact in 2010 only 612,000 companies submitted some form of fiscal declaration to the national authorities. The vast majority of these companies are microenterprises. Q: What is the main type of company present in Romania? A: The most frequent form of business is the Limited Liability Company. In terms of legal form of incorporation, 97% of all companies registered in Romania are Limited Liability companies, 2.3% are Shares Based companies, 0.7% is referring to other types of legal persons. Q: What was the impact of the financial crisis on the companies status and on their capability to remain functional? A: In September 2011 there were approximately 13,750 companies, 10% less than the previous year, that changed negatively their status: 4,300 companies fell under the law 85/2006, other 2,800 entered in a liquidation status, 2,000 companies have been radiated and 2500 went into insolvency procedure and bankruptcy. Q: How much do the Romanian companies currently owe to the state budget? A: In Q3 of 2011, 33.30% of the companies registered debts to the state. Its interesting to note that 4.60% of all indebted companies owe more than 10,000 euro each, while 5.10% of them owe less than 250 euro each. Q: Which are the sectors with the largest number of registered companies? A: In Romania, out of all commercially active companies, the industry with the largest number of companies is that of Retail sale in non-specialized stores with food, beverages or tobacco predominating (7.50%). Construction of residential and non-residential buildings (less than 3.60%) and Freight transport by road (less than 3.30%) are the followers on the list according to the number of registered companies. Q: Which are the counties with the largest number of active companies? A: Bucharest is highly disproportionate in terms of both number of companies and value businesses. Approximately 151,000 companies are legally registered in all 6 districts Bucharest (not counting Ilfov adjacent area) while in all other counties, the number registered companies ranges from 29,240 to 4,260. The county seconding Bucharest of of of is

Timis, located in the west part of the country. The county with the smallest number of companies is Teleorman.

Sources: ICAP Romania