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Net investment in Romania rises 16.6% in 2023

Mar 12, 2024, 2:15:54 PMArticle by Alexandru Cristea
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March 12 (SeeNews) - Net investment in Romania's economy increased 16.6% on the year in 2023, reaching 189.3 billion lei ($41.71 billion/38.12 billion euro), the statistical office said on Tuesday, citing provisional data.

Net investment in Romania rises 16.6% in 2023
Romania investments

Net investment in new construction projects rose 16.8% last year, while net investment in machinery and equipment, including vehicles, increased by 20.6%, the statistical office, INS, said in a statement.

Investments in other sectors grew by 4% combined.

In the fourth quarter alone, net investment was up by an annual 22.1% to 71.8 billion lei. Net investment in new construction works saw a 23.8% annual rise in October-December, while investment in machinery and equipment, including vehicles, increased by 37.1%. However, combined investments in other sectors decreased by an annual 16.4%.

Investment in Romania's economy, breakdown by sector (in billions of lei, y/y pct change in brackets)

2023
Total 189.346 (+16.6%)
- New construction works 114.220 (+16.8%)
- Equipment (incl.) 58.560 (+20.6%)
- Other 16.565 (+4.0%)

(1 euro = 4.9671 lei)

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