Net investments made in the national economy have summed up 120.148 billion RON in 2021, going up by 2.1%, when comparing with 2020, according to the preliminary data published by the National Institute of Statistics (INS) on Thursday.In 2021, growth was registered in new constructions, by 7.1%, while drops were registered in other expenses by 7.7% and equipment (including means of transportation) by 0.9%.During the fourth trimester of 2021, net investments made in the national economy have summed up 41.579 billion RON, going down by 4.5%, when comparing ti the fourth trimester of 2020. The decline was registered in all structure elements: equipment (including means of transportation) by 10.4%, other expenses by 2.9% and new construction works by 0.8%.INS reminds that net investments represent expenses for creating new fixed means, development, modernization and reconstructing existing ones, as well as the value of services tied to the propriety transfer for existing fixed means and plots of land taken on with payment from other units or from the population (notary taxes, commissions, transport expenses, manipulation, etc.).
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
