Net investments made in the national economy are 118.5 billion lei in the period between January and October this year, up by 14.4% as compared to the similar period of last year, according to the data of the National Institute for Statistics (INS), published on Monday.The growth of investments was recorded for all structure elements: other expenses by 28.6%, new construction works by 14% and machines (including transport means) by 11.5%.Most investments were made in new construction works, with a total of 74.2 billion lei in the first ten months. A sum of 34.7 billion lei was allocated to machines and transport means and 9.6 billion to other expenses.In Q 3 2023, net investments made in the national economy a sum of 48.8 billion lei, up by 16.6% as compared to Q3 2022. The growth was seen in all structure elements: other expenses by 35.9%, new construction works by 19.2% and machines (including transport means) by 7.4%.Net investments represent expenses destined to the creation of new fixed means, development, modernization and reconstruction of the existing ones, as well as the value of services connected to the transfer of ownership on existing fixed means and land taken over with payment from other units or from the population (notary fees, commissions, transport and handling costs, etc.)says INS.
In a global landscape where businesses are expected to deliver more than profits, STIRIXIS Group has positioned itself as a transformative force, melding business strategy, human experience, and built environments into a single, powerful vision. Elena Kyrnassiou-Athanassoula, Vice-President and Group Executive Director, shares the philosophy that has backed the international expansion of the Athens-based firm. […]
The four parties seeking a new ruling coalition in Romania have nominated candidates over the weekend for the ministries they are supposed to oversee, while a final agreement on the coalition's protocol is expected to be sealed on June 23. Some of the candidates proposed by parties have already prompted criticism, while prime minister-designate Ilie […]
The Romanian government has published a draft decision approving a strategic programme for the development and modernisation of Bucharest Băneasa – Aurel Vlaicu International Airport (AIBB-AV) covering the 2025–2035 period, Agerpres reported on June 20. The...
Romanian furniture manufacturer Taparo, a key supplier to IKEA and major European retailers, is nearing bankruptcy after its judicial administrator formally requested the Maramureş Court to initiate bankruptcy proceedings, citing the full cessation of the company’s operations. The request, filed on May 29, was recorded in the Insolvency Proceedings Bulletin,
Romania will maintain its standard VAT rate at 19% but will eliminate most preferential VAT rates beginning in August, retaining reduced rates only for food and medicines, Digi24 reported on June 20, citing sources close to the negotiations between president...
In a recommendation to be published on June 23 and proposed for endorsement in the July 8 meeting of the Economic and Financial Affairs Council (ECOFIN), the European Commission sets an updated fiscal consolidation trajectory for Romania, sets October 15 as a deadline for the annual update under the Excessive Deficit Procedure (EDP), and requires […]
