Romania: Romania is set to be the rising star of 2007
It's a romantic and beautiful country of dramatic mountains and rolling hills, fertile plains, rivers and lakes, plus the up-and-coming Black Sea resorts. Its fledgling property market is well worth investigating, before it really takes off...
Romania: Romania the Most Profitable For Real Estate Investments
11 January 2006 - Romania is on the first place of the most profitable 20 European states in terms of the estimated profit for the following 10 years in the real estate field. Amanda Lamb, an expert in property evaluation, explained that Romania has great economic growth perspectives, given the future EU entry. The analyst showed that a house with invested funds of some €175,000 might be sold for about €750,000 after 10 years.The analyst estimates that investors will be attracted to the Romanian real estate market after the EU accession. The top list was based on data supplied by consultancy company PricewaterhouseCoopers regarding the economic growth rate of each state.
Source: A Place in the Sun
New Super-Highway to connect Budapest and Bucharest
05 May 2005 - Another promising development for Romanian real estate is created by the construction of a new 2 billion EURO super-highway being realized with the financial backing of the EU. This new super-highway built with the technology of the American firm contracted to complete it by the year 2010-12 will dramatically change the face of Romania. It will cut the travel time between Bucharest and major European cities down significantly and literally create new major destinations in Romania, overnight. View the path of the highway from Budapest to Bucharest.
Romania Join EU on Jan 1, 2007
16 January 2006 - The European Investment Bank (EIB), the European Union's financing institution, expects Romanian to enter the European Union on Jan 1, 2007, said EIB's vice-president Wolfgang Roth upon the meeting with PM Calin Popescu-Tariceanu, ACT Media news agency reports. ''When the exact data of accession will be known, most likely at the European summit in June, from that moment we'll consider Romania as any other partner, as a full-fledged member of the European Union,'' said Roth. The EIB's vice-president explained that starting from the moment when the European bank will consider Romania as a full-fledged member of the European Union, it would change its policy when it comes to the loans' interest rates. ''The interest rates which the accession countries pay are higher, not very high, but higher, and we will change this policy not after accession, but when the exact data of accession will be decided,'' said Wolfgang Roth. At the same time, EIB's vice-president said that, following a survey, he realized that out of the ten countries of the latest wave of accession and the two countries due to join the EU, Romania has the lowest foreign debt. ''So watching statistical figures about Romania does not send me cold shiver down my spine,'' said Roth. He said that the European Investment Bank would like to finance in the future projects based on the public-private partnership, adding that they will be done under better conditions than the ones of the International Monetary Fund. Since 1990, Romania has been allotted from the EIB loans worth 6.26 billion euros. The funds were mainly used for infrastructure projects, health and education.
