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Net investments in the national economy up 9.9% in Q1 

 Net investments in the national economy totaled 20.356 billion lei in the first quarter of this year, up 9.9% from the same period in 2020, show the provisional data released on Thursday by the National Institute of Statistics (INS).

According to the INS, in the first three months of the current year, compared to the first quarter of 2020, the net investments made in the national economy increased by 9.9%, an increase registered in all structural elements: equipment (including means of transport) by 18, 1%, new construction works by 6.5% and other expenses by 1.0%.

Regarding the structure of net investments by activities of the national economy, official statistics show that 35.9% went to construction (compared to 36.5% in Q1 of the previous year), 25.8% in industry (27.7%, in Q1 2019), 24.6% in trade and services (22.3%, last year) and 3.5% in agriculture (5.8%, in the same period of 2020).

Investments in the "Other branches" segment increased from 7.7% in Q1 2020 to 10.2% this year.

According to the INS, the net investments represent the expenses destined for the creation of new fixed assets, the development, modernization and reconstruction of the existing ones, as well as the value of the services related to the transfer of ownership over the existing fixed assets and the lands taken over from other units or population ( notary fees, commissions, transport, handling expenses, etc.).

 

Prime Minister Florin Citu says that the announced increase in net investment by about 10% in the first quarter of this year, according to National Institute of Statistics (INS) data, is an indicator that shows the confidence of entrepreneurs, investors and multinationals in the Government.

"Extraordinary news from the economy! Net investments in the economy increase by about 10%. Very important for Romanians. These investments are an indicator that shows the confidence of entrepreneurs, investors and multinationals in the government they lead. Net investments represent, among other things, expenditures for the creation of new fixed assets, as well as for the development, modernization and reconstruction of existing ones. More simply said, a higher production capacity is created because a larger economy with higher demand and higher purchasing power is estimated. Economic growth that will benefit all Romanians. We continue at this pace and exceed the most optimistic estimates of economic growth," Florin Citu wrote on Facebook on Thursday.

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