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.).
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
