Net investments in economy, down to EUR 3 billion in second quarter

Net investments in the Romanian economy fell by 9.8 percent, to EUR 3 billion in the second quarter compared with the year-earlier period, due to slow activity in all sectors, according to the country’s statistics institute INS. New construction works dropped 17.5 percent on the year to EUR 1.6 billion in the second quarter, while investments in machinery and equipment, including transport vehicles, were down 1.6 percent, to EUR 1.05 billion. In the first half of 2010, Romanian net investments fell 18.7 percent on the year to EUR 5.28 billion, due to decreases in all sectors. New constructions were down 22.5 percent on the year to EUR 2.7 billion in the January-June period, The INS data include financial results from around 21,000 economic and social operators with 50 or more staff. The maximum admitted margin of error is plus/minus 3 percent. Mediafax