INS: Investments in economy up 9.2 percent last year on 2010
2012-04-06 14:12:31
In the last quarter of 2011 gains were recorded across all structural elements: equipment (including transportation) rose by 35.4 percent, new construction works 14.5 percent, and other expenses 12.6 percent. Investments made in new construction works reached RON 31.913 billion last year, or 49.5 percent of the total, compared with 51.2 percent in 2010.
Investments in machinery and transport equipment reached RON 26.305 billion, representing 40.8 percent of the total, against 38.4 percent in 2010. In addition, last year’s 2.5 percent economic growth was mainly supported by the development of agriculture, with a hike of 11.3 percent, and industry, which posted an advance of 5 percent, the INS announced, maintaining estimates of GDP growth in Q4 and throughout the year. Estimated GDP for 2011 was RON 578.551 billion in current prices, a 2.5 percent increase in real terms on 2010.