The economic situation in Romania is of course affected by the global economic crisis. The country has some advantages compared to other countries of the south, such as the outside government debt which compares favorably with other countries. (more…)
Undoubtedly the international economic crisis affected Romania, but not as bad as the countries of the south.
In our previous comments, we stressed that in the long ran we feel that the future of the property market in Romania, and especially in the area of the Capital Bucharest, is very promising and compares favourably with other European Capitals. (more…)
GENERAL ECONOMICS
A review of last year’s economics indicate an encouraging situation whereby the Romanian Economy is stabilizing with prospects of recovery during the current year. This is expected to be more evident in 2013. (more…)
About 6 months ago I made a short review of the property market in Romania, since the change of the system from the communism to the free economy. (here)
Now I shall make a review of the situation regarding the property market for the last 6 months. (more…)
A lot of people are asking me the following question:
How is the property market in Romania?
In order to give the right answer to the above question, we have to examine the past and the present of the property market.
Today’s subject is psychology at work.The subject can be understood better if I describe something which happened years back when I was working in the documentary credits department of a commercial bank in Cyprus.Among the many clients which we had at the bank there was somebody who was one of the best clients. This person was very strict and demanding. Most of my colleagues in my department were terrified when this client approached them for some banking transaction he wanted, because in most of the cases he would not be satisfied with the service he had from them with a result of an unpleasant situation, where my colleagues would be reported to management, although they did their best to serve the client. (more…)