Economy Romania

Romanian investments up in 2022 – PM

| 2023-03-12 < 1 min read

Romanian investments up in 2022 – PM

Reading Time: < 1 minutes

Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year, according to National Institute of Statistics data, Romanian Prime Minister Nicolae Ciuca announced on Friday 10 March. “This demonstrates the confidence of investors in the Romanian economy,” Ciuca commented.

The Romanian prime minister wrote on Facebook that “these investments in development will preserve the jobs of Romanians and generate new ones, and in the long term they will contribute to a generalized increase in incomes,” reported.

“Net investments demonstrate the positive impact that the measures we have taken have had in the real economy,” Ciuca said, adding that “other values ​​that show the success of the Romanian economy during the period of this government are: GDP growth of 4.8% in 2022, foreign direct investments of EUR 11.3bn, 73% absorption of European funds, and exports of EUR 85bn.”

Ciuca gov’t first to use AI – report

Meanwhile, UK daily the Evening Standard wrote that Ciuca has become the world’s first premier to use Artificial Intelligence for advice. 

The Romanian government says not only private companies “but also public institutions” should represent “hubs of innovation and information management”.

The interactive assistant will use social media data and AI to collect voters’ opinions and inform the government of its citizens’ suggestions and desires, it added.