Quoting Export Empire: German Soft Power in Southeastern Europe, 1890–1945, pages 244–5:

“Aryanization” also had appeal outside the radical right among Southeastern Europe’s business elites, insofar as they believed that the removal of Jews from trade would open up new commercial space for German minorities as well as for ethnic Romanians, Croatians, and Serbians. For Adolf Konradi, the director of the German–Romanian chamber of commerce in Bucharest, “kicking Jewish influence out of commerce” became one of his organization’s main goals. He claimed Jewish intermediaries were responsible for “harming business with their excessive profits.” In their place he hoped to foster the growth of “medium and small German producers.” As one ethnic German manufacturer in Medias remarked to the Foreign Office,

Strengthening my business offers the possibility of extensively building up the bicycle business, which in Romania today is still in its infancy, and transferring it out of Jewish hands into German-Aryan ownership. This would provide hundreds of German families here in Romania new possibilities to earn their livelihood and thereby strengthen German influence in Southeastern Europe.

Romanian and Yugoslavian elites voiced similar sentiments. The Romanian periodical Porunca Vremii was characteristic in its complaint that too many goods Romania imported from Germany still came through the hands of “Jewish representatives.” Indeed, many Romanian traders expressed a sense of “embitterment” because German firms, even in the late 1930s, were still employing primarily Jewish agents to sell their goods. In Yugoslavia anti-Semitism was probably less rife, but certainly still present. In 1937, for instance, the national organization of trade representatives asked for the “removal of all non-Aryan representatives” from German–Yugoslavian trade. And according to Germany’s chamber of commerce for Yugoslavia, businessmen in both Belgrade and Zagreb greeted the prospect of “Aryanization” with “great sympathy.”

(Emphasis added; italics original.)