Multinational groups dominate Romanian business

Newsroom 30/04/2014 | 16:32

Only 5,600 groups of companies were locally-owned in Romania in 2012, while the number of multinational groups was six times higher, according to data from the National Statistics Institute INS. About 31,000 groups were controlled by companies from abroad, stats show.

“In 2012, 37.407 groups groups of companies were identified, out of which 5,689 were resident groups and 31,718 represented groups of multinational companies (102 controlled from inside the country and 31,616 controlled from abroad)”, according to a press release from INS.

Locally-owned groups are very small, mostly made up of two or three firms (90 percent of holdings) and more than likely have business in retail, manufacturing or constructions.

In terms of number of employees, the majority of the holdings in Romania are controlled by German shareholders – 18 percent, followed by Italian – 10 percent, and Dutch – 10 percent.