Economic ecosystem

The scale of city economy is in development phase. Jiu Valley is at the point where it cleared a series of sites, making them available for investments. The major public companies are replaced by a network of smaller private ones, from an unsustainable centralized state economy to a local resilient circular one. We estimate that the true long term scale will be settled in 2030. The next 10 years interval is crucial for the future of the urban area as a regional economic center.

The three pillars of the future local economy are the production of green energy, processing of local resources and tourism. In recent years, the local economy was impacted by the world crisis (2008-2013) and mine closure (after 2013), but it still is in a positive trend. The most important three sectors are, by far, the following: production of energy, textile manufacturing and retail. We see the same positive trend in the total profit of the private sector, 2017 being the maximum since we measured this indicator, in 2005.

In terms of personnel productivity, there are many companies that managed to perform above the national numbers in several activites. The greatest performance can be observed in data and websites management (6,02 times more than the national average), where Denisa Online (based in Uricani, with Romanian-Dutch capital) has the first place. The next most performing activity are stone manufacture (2,78 times), where the only two companies are Marmoflor Com (based in Vulcan) and Meladidecor (based in Petrila). Good numbers register in the wholesale of fuel (2,65 times from Frathos Company and Sinesta Gas, both in Petrosani), electronic equipment recycling (2.43 times, the most important company being Orian Industry in Aninoasa) or wholesale of textile products (2,37 times, Amy by Amalia in Petrosani).