Investments in economy down by 16.7 pct in H1

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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