Investment expenditures for this year are predicted at somewhere around RON 106 billion, or 6 percent of GDP, and the figure recorded in the first part of the year is RON 46.27 billion, 41 percent higher year-over-year, Secretary of State with the Finance Ministry Alin Marius Andries declared on Tuesday.
"These investments are, so to speak, the result of the implementation of cohesion policy, NRRP and national funding investment projects. Investment expenditure in the first part of the year was somewhere around RON 46.27 billion, by 41 percent more compared to the similar period of 2023, and we will continue to support these investments because only thus can we achieve sustainable economic growth and improve the Romanian citizens' standard of living," Alin Marius Andries told the conference "Upgrade Romania: The Impact of 2024's Large-size Investments", organized by DC Media Group.
He mentioned that in 2024, 64 projects worth approximately RON 11 billion and which are likely to create more than 11,000 jobs are being implemented under the state aid schemes managed by the Ministry of Finance.
In his turn, Minister of Economy, Entrepreneurship and Tourism Stefan Radu Oprea said that construction and IT remain the most dynamic sectors in the economy.
"We have the highest number of software engineers per 1,000 population in Europe and we are the 6th nation in the world by this criterion, which definitely benefits Romania. It is important for us to create more intellectual property in Romania, to have more research and development proprietary registrations here," Stefan Radu Oprea said.
He also mentioned that the Romanian economy should switch from one investors were seeking for the low workforce pay to an economy where investors come for creativity, productivity, and for Romanian products.
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