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Investments in economy down 3.1 pc last year

Net investments in economy declined in 2014, for the second consecutive year, by 3.1% to RON 65.59 billion (EUR 14.77 billion), despite positive developments in the fourth quarter, a National Statistics Institute (INS) release informs.

“Investments in new construction works in 2014 amounted to RON 30,666.3 million, representing 46.8% of the total, compared to 47.1% in 2013. Investments in machinery and transport equipment totalled RON 26,782, 8 million, representing 40.8% of the total, compared to 42.4% in 2013,” the INS release further reads.

The remaining 12.4% is the “other expenditures” chapter.

Industry attracted 38.9% of investments, followed closely by commerce/services 38.3%. The buildings have a share of 15.7%, and agriculture 5.4%.

In 2013, investments in the economy fell by 9.3% compared to 2012, when the indicator recorded a positive trend of 12.3%.

BNR data show foreign direct investment fell by 10.6% last year as compared to 2013 to EUR 2.43 billion from EUR 2.71 billion, peak reached in 2013 after the economic crisis.


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