2022 was the most profitable year for Romanian companies

Against the background of high inflation (over 13%), the revenues of 2022 reached a record level compared to both 2021 and the rest of the analyzed years, namely 2020 and 2019

The total revenues recorded by Romanian companies managed to exceed for the first time 2 thousand billion lei (reaching 2,392 thousand billion lei), according to a Termene.ro analysis.

If in 2020, the general profit achieved at the national level was 103 billion lei, in 2021 its value increased by almost 50%, reaching 149 billion lei, and in 2022 it registered another major increase of 50%, reaching 204 billion lei.

The profitability of the companies in 2022 was based on the emergence of the phenomenon of ”greedflation”, an inflation fueled by the increase in prices in an artificial way.

At the same time, in 2022 there was an increase in the total number of companies submitting annual financial statements, and for the first time in the last 5 years, this exceeded the threshold of 810,000.

2022 was the first year since the start of the pandemic in which the number of jobs held in the private sector has not decreased in comparison to the previous year and remained constant at 4.01 million.

The most significant decrease, in 2022, was recorded in production, where there were 5% fewer jobs compared to 2021, i.e. a reduction of over 50,000 job titles.

At the same time, commerce experienced a 1,5% decrease in the number of jobs, respectively 13,000, and agriculture, where a reduction of 2,.5% was recorded, respectively 3,000 jobs.

On the opposite side, the largest increase in the number of jobs was visible in the field of IT&C, where in 2022 there were 16% more employees than in the previous year, respectively an increase of 30,000 new jobs.

There were also more employees in the hotel sector by approximately 7%, 10,000 jobs to be exact, and in the construction industry, the number of jobs increased by 3,2%, respectively 14,000 jobs.

SEE ALSO: Sameday reports an increase in turnover of over 140%

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