Latest News for Romania
Demand drives up Romanian property prices
Wednesday, 19 Mar 2008
High demand for property in Romania has led to a significant increase in house prices across the country, new figures have revealed.Anglo-Romanian Development (ARD) stated that the price of a typical home in the eastern European country rose by 40 per cent last year.However, data from the organisation...
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Economy grows in Romania
Thursday, 13 Mar 2008
Officials in Romania have revealed that the country's economy continued to grow during 2007.The National Statistics Institute stated that during the first year of its EU membership, Romania experienced economic growth of six per cent, reports BalkanInsight.com.This...
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Romanian tourist market set to grow
Wednesday, 12 Mar 2008
Authorities in Romania are predicting an increase in the number of foreign arrivals this year, it has been reported.According to Ziarul Financiar, the government is expecting visitor numbers to be ten per cent higher than in 2007.This means that a greater...
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Romanian market set for possible boost
Tuesday, 12 Feb 2008
The appeal of Romania among overseas property buyers could be set to increase significantly.According to HotNews, the government in the European country is keen to boost its tourist sector with a new promotional drive.About £1.5 million is to be spent on a branded marketing campaign which will be...
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Romania recommended to investors
Tuesday, 05 Feb 2008
Overseas property buyers have been advised to consider purchasing rental accommodation in Romania.Philip Groves, a marketing consultant from the UK, is currently engaged in purchasing a one-bedroom apartment in the country.Speaking to the Telegraph, he said he believed Romania was a good market in which...
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Long-term investors 'should buy in Romania'
Wednesday, 09 Jan 2008
Overseas property buyers who want a long-term investment have been advised to look at the Romanian market.The eastern European country was recommended by the SaveBorrowSpend website as a possible option for those who were not seeking quick returns.Romania was praised by the online portal for its bargain...
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Recent EU entrants see increased air traffic
Wednesday, 19 Dec 2007
New additions to the European Union saw an increase in the number of air passengers last year, new figures have revealed.According to Eurostat, the overall number of people flying overseas in Europe rose by 4.7 per cent between 2005 and 2006.Countries such as Romania were said to have seen particularly...
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Romanian central bank 'working to improve economy'
Friday, 23 Nov 2007
All efforts possible are being made to tackle inflation in the Romanian economy, a leading bank official has said. Mugur Isarescu, governor for the country's central bank, has sought to reassure investors following inflation of the leu, which hit a five-year high against the euro in July, reports the...
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Investors 'should look at recent EU entrants'
Monday, 29 Oct 2007
Overseas property investors have been advised to consider purchasing in eastern European countries that have recently joined the EU.Speaking in research commissioned by the Daily Telegraph, Knight Frank stated that since achieving full membership, many countries in the region have enjoyed economic growth.The...
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'Simple economic factors' to drive Romanian market
Monday, 20 Aug 2007
A set of simple economic factors will drive a heated Romanian property market over the near future, one expert claims.Investment specialist Property Secrets says that there will be a huge surge house prices in Romania - as finance providers in the country start to offer 100 per cent mortgage products....
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