Privately held companies account for 91% of the turnover in the economy, 92% of the profit and just 75% of the capital, studies from the National Forecast Commission (CNP) show. Overall, the private sector currently holds a 70%-72% share in the structure of the Gross Domestic Product, but this share is expected to grow to 79% by 2010, the study also shows. For the first half of last year, when the data for the study was gathered, state-controlled companies made up the remaining 9% of the turnover, 8% of the profit and some 25% of the share capital. However, the study also indicates that the share of private capital in the economy will see a constant increase, from 75% in the first half of last year, to some 87% in 2010. "The increase in private capital can be explained by foreign investments, as well as by continuing privatisation, especially the liquidation of minority stakes held by the state in companies that are currently in the portfolio of AVAS (The State Assets Resolution Authority)," says Ion Ghizdeanu, chairman of the CNP.
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