In 1900, Craiova had 43.1% of the industrial units of Oltenia; these numbered 924 industrial companies (including 20 large industrial establishments, employing 1,078 workers). The number of large industrial establishments rose to 40 by 1925. Banking also developed at the beginning of the 20th century (when 6 banks and 2 bureaux de change were already operating).
In the interwar period, Craiova, as the centre of an agricultural region, experienced little further industrialization; the number of industrial workers remained comparatively small. In 1939, Craiova had 7 industrial units with over 100 workers: the clothing industry companies Oltenia and Scrisul Românesc were well-known all over the country and abroad.
In the early 1960s, under the Communist regime, the city became a noted centre for the automotive and engine building industries, as well as for aerospace manufacturing, chemical industry, food industry, construction, electrical engineering, mining and the electrical power industry.
After the 1989 Revolution brought the re-establishment of a free market and decentralisation in overall management, several industries became subject to privatisation, while the market opened itself to private initiatives. Industry, although affected by economic
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