The country maintained its second position in the region by transaction volume, with its market share growing steadily from 13% in 2021 to 18% in 2025. This growth helped narrow the gap with market leader Poland, whose share declined to 39% from 41% in 2024. Hungary and the Czech Republic followed with 8% growth each, while Poland's market stagnated.

Romania's M&A market showed strong fundamentals with 130 transactions valued over €5 million, generating total market value of €5.5-5.9 billion. Excluding mega-transactions above €500 million, the average deal value increased to €37 million from €34 million in 2024. Local investors dominated with 44% of transactions, though this was the lowest regional share compared to Hungary (66%), Czech Republic (53%), and Poland (52%).

"The constant increase of Romania's share in the region's M&A market confirms the attractiveness of our country for both strategic investors and investment funds," said Radu Dumitrescu, Advisory Partner-in-Charge at Deloitte Romania. He noted that local private equity and venture capital funds raised record amounts exceeding €250 million in 2024 and continued maturing in 2025.

Strategic investors accounted for 92% of transactions, up from 89% in 2024. Real estate and construction led by transaction count (19%), followed by industrial products and services (17%) and energy (14%). By value, the medical sector topped the rankings with 22% of total market value, while energy's share decreased to 19% from 34% in 2024.