Austrian and German Capital in Transylvania in the First Half of the 20th Century

The article focuses on the nature of the Transylvanian economy prior to and chiefly in the aftermath of the First World War, with the integration of the region into Greater Romania. Hence, in the context of an agricultural economy, the industrial input of Transylvania was consistent, chiefly in terms of the energy sector, to the extent that it contributed greatly to the shift to an agro-industrial economy, at the time of the outbreak of the Second World War. In the interwar period, the German and Austrian capital was largely present in the Transylvanian economy, as we have clearly outlined with numerous concrete examples. Nevertheless, the new context fostered by the war altered this configuration, in keeping with Romania's stance in the conflict, only to lead to the onset of Soviet dominance over the country's economy at the end.