I remember an incident which happened a few years back and I want to share it with friends and clients.
Around 2008 I was discussing with a client ( a reputable professional man from Cyprus) the possibility of him investing in Romania. I recommended to him to buy a building in the northern area of Bucharest which was let with an income of around 10% on the investment of E1 million euros. (more…)
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…)
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…)
It was some time in year 1996 when I visited Romania for the first time. Seven years had passed from the time when Ceausescu was overthrown and the country changed from the communist regime to the free economy system. At that time, although 7 years had passed from the date of change, a visitor could see many differences if he tried to compare with a country which did not experience the comunist system. Very poor infrastructure, old buildings with small apartments, few cars in the roads, although sometimes you could see a few expensive cars. This is understandable, and is also evident to the visitor what people had to undergo, when from one day to the other everything changed. No jobs, no money, nothing, because the country had to reorganise everything from scratch. (more…)