EU Accession

Romania joined the EU at the beginning of 2007 after meeting strict economic, financial and political reforms. These reforms now position Romania as a changing country of size, demography and confidence. Strong economic growth coupled with inward foreign investment and the benefit of €30 billion in EU funds will drive demand for housing and therefore property prices are expected to rise accordingly.
EU accession has previously had positive effects on other new entrants like Spain, Portugal and Ireland.

General Information

Location – Romania, republic, in South Eastern Europe, bordered on the North by the Ukraine, on the East by Moldova, on the South East by the Black Sea, on the South by Bulgaria, on the South West by Serbia, on the West by Hungary.
• Population – 22,000,000. Capital – Bucharest 2,000,000
• Age structure – 15 – 64 years: 68.51% 50:50 male / female
• Largest Cities – Bucharest is the capital and largest city. Constanta 348,575, Timisoara 327,830, Brasov 324, 210.
• Government – Politically stable: PNL-PD Alliance
• Languages – Romanian, Hungarian, German, Turkish, Serbo-Croatian
• Currency – Leu

Why Invest

Current cost of land and finished property still competitive versus other member states.
Strong demand for property but supply is limited.
Huge potential for growth.
Strong growth in GDP (2005 = 4.1%, Forecast 2007 = 5.8%, 2.4 times expected EU growth)
Reducing unemployment.
New shopping malls in major towns.
Multinational companies investing – Orange, Oracle, Toyota, IBM, ING Bank.
Major infrastructure improvements including many new roads & highways.
Many state-owned companies being privatised, leading to a fully functioning market economy.
Member of NATO since 2nd April 2004.
EU Membership 2007.
Converting to Euro in 2012.
Semi – Presidential republic.