Net investments in the national economy amounted to 189.3 billion lei in 2023, an increase of 16.6% compared to the previous year, according to data the National Institute of Statistics (INS) published on Tuesday.The increase was recorded in all structural items: machinery (including means of transport) by 20.6%, new construction works by 16.8% and other expenditure by 4%.Most investments were in new construction works, with a total of 114.2 billion lei in the first ten months. An amount of 58.5 billion lei went to machinery and means of transport and 16.5 billion lei to other expenditure.In the fourth quarter of 2023, compared to the fourth quarter of 2022, net investment in the national economy increased 22.1%, with an increase of 37.1% in structural items: machinery (including transport equipment) and 23.8% in new construction works. Other expenditure decreased 16.4%.Net investments represent the expenses for the creation of new fixed assets, development, modernisation and reconstruction of existing ones, as well as the value of services related to the transfer of ownership of existing fixed assets and land taken over with payment from other units or from the population (notary fees, commissions, transport and handling expenses, etc.), says INS.
The Wrocław Baroque Ensemble, a resident ensemble of the National Forum of Music (Narodowe Forum Muzyki – NFM) in Poland, will present a series of concerts in Romania exploring rarely performed works from Polish composers. Since its establishment in 2012, the group has specialized in historically-informed performance of Polish Renaissance and Baroque music under the […]
Fewer and fewer Europeans strongly support democracy, according to a new poll by European Movement International and Savanta. Romania is among the countries with the lowest support for democracy, the same study showed. Published on Monday, July 28, the report highlights that people are disillusioned with democracy across Europe. Overall, only 36% are consistent supporters...
The Romanian delegation concluded its participation in the Balkan Senior Championships in Volos, Greece, with a total of 9 medals, out of which 4 gold, 3 silver, and 2 bronze. The gold medals were won by athletes Rareş Toader in shot put (20.74 meters), Alin Firfirică in discus throw (63.15 meters), Alina Rotaru-Kottmann in long […]
Romanian locomotive manufacturer Softronic Craiova has signed a contract with RS Lease Slovakia for the delivery of two Transmontana locomotives, which will be produced in the Craiova plant and delivered in the first half of 2026. The six-axle electric locomotives are designed for the demands of heavy freight transport, but are also adaptable to other […]
The Romanian heavy metal band Trooper returns to Sala Palatului on February 28, 2026, with the show “Regeneza,” a journey through its entire discography, along with special guest Blaze Bayley, Iron Maiden’s vocalist from 1994–1999. The concert is a transformation and a return to the spiritual roots of the band, according to lead singer Alin […]
Full Moon, the festival showcasing horror and fantasy films, will hold its tenth edition next month in Biertan, a village in Sibiu county known for its UNESCO-listed fortified church. The festival will present this year a program of 16 films, six of which are national premieres. The edition's headliner is Radu Jude's Dracula, an international […]
