Investments in Romania's economy rose 14.3 pct in Q1 2018

Investments in Romania’s economy rose 14.3 pct in Q1 2018

Net investments in Romania’s economy rose by 14.3 percent in the first quarter of this year compared with Q1 2017, to RON 15.8 billion (EUR 3.4 billion), due to higher investment in equipment and other assets, according to the National Institute of Statistics (INS).

Investments in new construction works declined by 3.8 percent year-on-year, while investment in equipment (means of transportation included) grew by 7.7 percent and other expenditure soared by 138 percent.

By economic activities, the industry (32.9 percent of total investment), the retail and services sector (23 percent) and the constructions works (21.7 percent) attracted the main shares of investments.

A separate report of INS showed on Thursday that during the first quarter of this year, 10,273 new dwellings were completed in Romania, up 1.9 percent compared with Q1 2017.

Net investments are the expenditure for the creation of new assets, for the development, modernization and reconstruction of existing ones, as well as for the value of the services on the property transfer of existing fixed assets and lands.