“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. (source: business-review.eu)