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Services Make Most Of Romanian 1H GDP, FDI Seen Over EUR10B In ‘08

The services sector contributed the most in the first-half gross domestic product, followed by the construction sector, the National Statistics Institute, or INS, said Thursday at a press conference.
Services Make Most Of Romanian 1H GDP, FDI Seen Over EUR10B In ‘08
11 sept. 2008, 12:44, English

Romania’s gross domestic product stood at 195.764 billion lei ($81.66 billion) in January-June period, up 8.8% in real terms compared with the same period a year earlier.

In the second quarter alone, GDP was at RON109.019 billion, up 9.3% in real terms against the year-earlier period.

In January-June, services contributed by 3.8 percentage points to the GDP, followed by constructions with 2.2 percentage points. The industry sector contributed by 1.6 percentage points.

INS president Vergil Voineagu said Thursday that foreign direct investments in Romania will exceed EUR10 billion this year, compared with EUR7 billion the year before.

Voineagu said that in the first half, foreign direct investments stood at EUR4.75 billion.

"We expect foreign direct investments in Romania to exceed EUR10 billion this year," Voineagu said.