The Romanian government has set infrastructure, education and healthcare as priorities of the 2007 budget, the daily said.
The government has scheduled to spend some 6.6 percent of GDP, or 7.1 billion euros (8,9 billion U.S. dollars) next year, the daily said.
A large part of the budget, or 2.5 billion euros (3.1 billion U.S. dollars), will be poured into the construction market, through infrastructure projects related to road, railroad, school and healthcare.

The money is fuelling the already strong demand on the construction market, boosting its growth at a pace of about 15 percent in 2007.

International ratings agency Moody’s on Friday announced having upgraded Romania’s country risk rating to investment grade from speculative, which means Romania has a solvability accepted by most of investors, the Romanian Public Finance Ministry reports.

Moody’s became the fourth ratings agency, after Fitch, Standard & Poor’s and JCRA, to substantially change its perception on Romania, thus paving the way for a diversification of the investors’ base for the instruments issued by the Romanian government as well as for a rise in direct foreign investment in Romania.