1939–40 Divizia B

The 1939–40 Divizia B was the sixth season of the second tier of the Romanian football league system.

The format has been maintained, four series of 10 teams. The winners of the series were supposed to promote in the Divizia A, but the winners of the 3rd and 4th series were not promoted from different reasons. Also 3rd and 4th place from the first series and the sixth place from the second series were promoted to fill the vacant places from Divizia A.

To Divizia B
Promoted from Divizia C
 * Astra-Metrom Brașov
 * CFR Turnu Severin
 * Cimentul Turda
 * Electrica Timișoara
 * Feroemail Ploiești
 * Maccabi Chișinău
 * Mica Brad
 * Muncitorul Cernăuți
 * Oltul Sfântu Gheorghe
 * Sparta Mediaș
 * SS Doc Galați
 * SSM Reșița

Relegated from Divizia A
 * Chinezul Timișoara
 * Tricolor Ploiești
 * Gloria Arad

From Divizia B
Relegated to Divizia C
 * CFR Brașov
 * Luceafărul București
 * Hatmanul Luca Arbore Radăuți
 * Unirea MV Alba Iulia
 * SG Sibiu
 * Mociornița Colțea București
 * Jahn Cernăuți
 * Șoimii Sibiu
 * Tricolor Baia Mare

Promoted to Divizia A
 * CAM Timișoara
 * Unirea Tricolor București
 * Gloria CFR Galați

Renamed teams
Dacia Unirea Brăila was renamed as FC Brăila.

Monopol Târgu Mureș was renamed as CS Târgu Mureș.

Sporting Chișinău was renamed as Nistru Chișinău.

Disqualified teams
Mihai Viteazul Chișinău and Textila Moldova Iași were disqualified.

Other teams
Craiovan Craiova and Rovine Grivița Craiova merged, the new formed team was named FC Craiova.