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.
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 […]
