13% of small companies in Romania owned by foreigners
About 13% of small and medium companies registered in Romania are owned by foreigners, their capital being on the average two times higher than the one of local companies, the president of CNIPMMR, Ovidiu Nicolescu said.
The top 200 private companies in Romania hit a total turnover worth 64.9 billion euros in 2008, that is a growth by 9.80 percent on 2007, when the total turnover was 59.1 billion euros, according to data provided by the National Trade Register Office.