Germany, France and Italy control most groups of enterprises registered in Romania as foreign companies and individuals own 93.6 percent of the total number of such groups.
Romania registered 80,905 group of enterprises in 2017 out of which 75,995 were multinational groups and only 4,910 resident groups, according to fresh National Institute of Statistics (INS) data.
“In relation to the share of the number of employees, most Romanian sub-groups of enterprises are controlled from Germany, France and Italy. In 2017, out of the total of multinational companies controlled abroad and identified in Romania, 13,195 are controlled by foreign legal entities and 62,507 are controlled by foreign individuals,” the report says.
Groups of enterprises controlled by companies or individuals from Germany have the biggest number of employees (16.9 percent), followed by France-owned groups (11.7 percent), and those controlled by Italian entities (9.5 percent).
Most groups of companies in Romania operate in retail or wholesale (35 percent), construction and manufacturing (both 11 percent).