As many as 29.2 percent of the total number of employees in enterprises active in 2022 were working in enterprises owned by foreign-controlled multinational groups, shows data released on Monday by the National Institute of Statistics (INS).In the reporting year, 21.7 percent of the total number of employees were active in multinational enterprise groups controlled from the top 10 countries in the ranking, the INS release shows.By the share of the workforce employed, the enterprise subgroups controlled by legal entities or individuals from Germany top the ranking (18.1 percent), followed by those controlled from France (11.2 percent), and those controlled from the United States of America (9.3 percent).By the share of the workforce employed in the total of foreign-controlled multinational company groups, the subgroups of enterprises controlled from Germany dominate the sectors Manufacturing (9.3 pct), Wholesale and retail trade; Repair of motor vehicles and motorcycles (3.3 pct), and Professional, scientific and technical activities (2.9 pct).In the subgroups of enterprises controlled from France, 4.5 percent of employees are in the Manufacturing industry, 2.3 percent work in Wholesale and Retail Trade; Repair of motor vehicles and motorcycles, and 1.4 percent work in Information and communications.Enterprise subgroups controlled from the United States of America have the most employees in the Manufacturing industry (3.8 pct), and Information and communications (2.8 pct).In Romania, 96,705 enterprise groups were identified in 2022, of which 6,036 resident enterprise groups and 90,669 multinational enterprise groups (606 domestically-controlled, and 90,063 controlled from abroad).More than 6 percent of the total groups of enterprises identified nationwide were resident (6,036 groups).Of the total number of foreign-controlled multinational enterprise groups identified in Romania, 14,553 are controlled by foreign legal entities, and 75,510 are controlled by foreign individuals.In 2022, the distribution of the groups of enterprises in Romania by economic activities shows that most of them were operating in: Wholesale and retail trade; Repair of motor vehicles and motorcycles - 32 percent of the total group of enterprises; Construction - 12 percent of the total; Professional, scientific and technical activities - 10 percent of the total; Manufacturing - 10 percent of the total; Real estate transactions - 8 percent of the total.Resident enterprise groups are mainly active in Wholesale and retail trade; Repair of motor vehicles and motorcycles - 18 percent; Construction - 11 percent; Professional, scientific and technical activities - 11 percent; Manufacturing industry - 10 percent; Other service activities - 8 percent.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
