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 Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
