Investments in economy down by 16.7 pct in H1

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Net investments in the Romanian economy dropped by 16.7 percent in the first half of this year, compared with the same interval a year before, and by 29 percent against the second quarter in 2008, according to a release of the National Institute of Statistics (INS).

Investments in new construction works totaled 14.033 billion lei, in the first half of 2009, representing 51.9 percent of the total and a growth by 46.2 percent against the figure in the first half of 2008.

More significant investments were seen in the industry and trade-services (real estate, retail and wholesale trade) sectors and in the car repairing sector.

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