BUSINESS

Germany, Netherland and Austria conquer Romania’s economy

  • At the current rhythm the local economy will become the branch of MNCs * No Romanian government has encouraged local capital

 

The National Statistics Institute’s (INS) report is worrisome. We hope it will be studied by the relevant authorities and the measures meant to encourage local capital will not be late in coming. Especially since no government has so far supported local capital and capitalists. Most of the latter are in jail or deceased. Here is what the INS report shows:

Over 88 per cent (39,327) of the enterprise groups in Romania were multinational in 2013 and 60 of these were controlled from within.

In Romania, as many as 44,575 enterprise groups were identified in 2013, of which 5,248 residing enterprise groups and 39,327 multinational enterprise groups.

According to the INS data, some 12 per cent of the enterprise groups identified in Romania were residing, of which 90 per cent were made up of two or three enterprises.

Most enterprise groups in Romania operate in trade, processing or construction.

In 2013, of the total enterprise groups, the highest percentage of these were identified in wholesale and retail trade, repair of motor vehicles and motorcycles (31 per cent), construction (13 per cent) and processing (11 per cent).

The residing enterprise groups operate mainly in wholesale and retail trade, repair of motor vehicles and motorcycles (21 per cent), processing (12 per cent), professional, scientific and technical activities (11 per cent) and construction (11 per cent).

Taken into account the number of employees, most subgroups of enterprises in Romania are controlled from Germany, the Netherlands or Austria.

The results of 2013 indicate that, depending on the share of number of employees, the first place is held by the subgroups of enterprises controlled by the individuals or legal entities from Germany (15.6 per cent), the second place is held by those controlled from the Netherlands (12.6 per cent), and the third place is held by those controlled from Austria (11.4 per cent).

 

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