The most acute decrease, of 22.3 per cent, was reported in the equipment category (including means of transport), whereas in the category of investments in new constructions, the decrease was only 2.3 per cent. In the first nine months of this year, INS announced a 5.5 per cent drop to RON 21.56 billion compared to the same period last year.
“Investments resulting in new construction works, carried out between January 1 and September 30, 2013, amounted to RON 21.56 billion, the equivalent of 47.2 per cent of the total, compared to 50.7 per cent in the same period last year. Investments in equipment and means of transport amounted to RON 20.048 billon, representing 43.8 per cent of the total, compared to 41.4 per cent in the same period last year,” the INS press release notes.
Large volumes of net investments were reported in the industry and trade/services sectors (wholesale and retail, vehicle repair work). Net (new) investments consist of expenses aimed at creating new fixed assets, stimulating development, modernization, and the rehabilitation of existing assets, and include the value of services related to transfer of property over existing fixed assets and land property taken over from other units (notary fees, commissions, travel expenses, handling costs, etc.). The volume of net investments does not include the value of land property, domestic and imported fixed assets that have been previously registered to other units in the country, the value of contributions, down payments granted to third parties, or the equivalent of on-going construction project purchases and geological works (investments only refer to the amounts spent prior to the purchase in order to ensure the continuance of the investment process).
Investments comprise of the following structural components: construction work (plumbing and installation work for technological and functional equipment), equipment (installation work included or non-included), and other investment expenses (geological and drilling expenses, working animal expenses, production and reproduction expenses, expenses related to vineyards, planting fruit trees, forestation, expenses for the purchase of fixed asset household items, research study and design expenses related to investment objectives and transfer of property services). (source: nineoclock.ro)