Romanian net investments fell 3.1% to 65.6 billion lei (EUR14.8 billion) in 2014, from RON67.8 billion in the previous year, according to data released by the country’s statistics institute INS.
New construction works declined 3.2% on the year to RON30.7 billion in 2014, while investment in machinery and equipment, including transport vehicles, declined 6.4% to RON26.8 billion.
On the positive side, other investments rose 10.7% year-on-year to RON8.1 billion.
Broken down by activity, net investments in industry amounted to 38.9% of total investment last year, followed by investments in commerce and services (38.3%), constructions (15.7%) and agriculture (5.4%).
Net investments in other sectors of the Romanian economy stood at 1.7% of the overall investment in 2014.
In the fourth quarter alone, net investment in Romania’s economy amounted to RON23 billion, up 3% in the year-earlier period, mainly due to a recovery in new constructions.
The INS data include financial results from around 22,800 economic and social operators with 50 or more staff. The maximum admitted margin of error is plus/minus 3%.