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.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
