Net investments in the national economy amounted to 189.3 billion lei in 2023, an increase of 16.6% compared to the previous year, according to data the National Institute of Statistics (INS) published on Tuesday.The increase was recorded in all structural items: machinery (including means of transport) by 20.6%, new construction works by 16.8% and other expenditure by 4%.Most investments were in new construction works, with a total of 114.2 billion lei in the first ten months. An amount of 58.5 billion lei went to machinery and means of transport and 16.5 billion lei to other expenditure.In the fourth quarter of 2023, compared to the fourth quarter of 2022, net investment in the national economy increased 22.1%, with an increase of 37.1% in structural items: machinery (including transport equipment) and 23.8% in new construction works. Other expenditure decreased 16.4%.Net investments represent the expenses for the creation of new fixed assets, development, modernisation and reconstruction of existing ones, as well as the value of services related to the transfer of ownership of existing fixed assets and land taken over with payment from other units or from the population (notary fees, commissions, transport and handling expenses, etc.), says INS.
Holidays are simply better when you share the traditional taste of Boromir Cozonac with your loved ones. Our Collection of Cozonac brings joy and warmth to festive gatherings, carrying on the sweet traditions of the winter season. With its soft core, rich fillings, and authentic flavor that comes from natural sourdough, the Boromir Cozonac is […]
As parents everywhere wrestle with the same uneasy question, how do you prepare children for a future shaped by rapid technological change and constant uncertainty, Verita International School is betting on a clear answer: teach students how to think, not what to think. In this interview with Romania Insider, Ashley “Ash” Peek, Head of Secondary […]
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
