The Council of Foreign Investors (FIC) represents one of the most important organizations of the business environment in Romania which brings together 110 of the largest foreign investors. They employ more than 191,000 people and have a cumulative turnover that represents a quarter of Romania's GDP. It should be mentioned from the beginning that FIC documents do not reflect the position of all companies with foreign capital in Romania, but only of its members.
This document is a joint effort of a representative sample of FIC member companies. The analysis was carried out by collecting data from 61 companies registered at the Romanian Trade Registry that voluntarily participated in this study and transparently provides details on the level of taxes and fees they transfer to the state budget. Out of the 61 companies responding to the questionnaire, only for 56 companies we will interpret in more detail the salary data (average net monthly salary in 2023 for employees of FIC companies, contributions paid for pensions, social health insurance, income tax), because of incomplete data. However, we extended the sample with the data for total annual turnover, employees, net profitability and net profit/employee was adjusted with the annual reports from the Ministry of Finance. Similar analyses have been published by FIC starting with 2019.
The purpose of the study is to show the direct contribution that a sample of companies with foreign capital has to the economic growth recorded in Romania through taxes, investments, jobs created, wages paid directly and indirectly through the supply chain.
In the context of the attributes presented above, in our analysis we will generically refer to the companies responding to the questionnaire as "FIC member companies" and their employees as "FIC company employees". The data analyzed relates to the fiscal year 2023.