This comes to show the strong economic relations between Germany and Romania, as German investors rank third in terms of foreign direct investments in Romania, with total investments of some EUR 7.5 billion, at the end of 2014. Germany is also Romania’s biggest international trade partner, accounting for some 20% of Romania’s exports and imports.
German groups’ subsidiaries in Romania made a cumulated turnover of EUR 17.4 billion, in 2013, which represented about 15% of the total revenues made by foreign companies in Romania (EUR 113.8 billion), a recent report by the National Statistics Institute (INS) shows.
Austrian groups came second, with cumulated sales of EUR 16.8 billion, and French companies were third, with EUR 14.2 billion.
German companies were also by far the biggest foreign investors by the number of jobs created, with almost 170,000 employees. This represented more than 20% of the 814,000 employees working for foreign companies in 2013.
Italian companies were next in terms of employees, with 101,000 people, followed by companies with Dutch capital, which had 99,700 employees. French companies had 98,800 employees in Romania and Austrian groups had 85,700. (source: Romania-insider.com)