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Romania
HOME >> COUNTRY REPORTS >> Romania
romania map
Official name Romania
Capital  Bucharest
Population  21,504,442
Currency  "new" leu(RON)
Official language   Romanian
GDP  $5,900

  STRENGTHS
  WEAKNESSES

EU funds will help to create more jobs and therefore potential customers seeking to buy/rent properties.

In past few years, property prices are already raised by 25%. Even such a great rise, property price in Romania are still 20-30% lower than the other eastern European countries.

Romania's cheap labour force compared to other countries in the region has been mentioned as one of the reasons its economy being attractive

Romania could be considered to be attractive from a tax burden perspective

The EU has allocated EUR 13.5 bn for Romania as funds that could be used for agriculture and for rural developments (under the program for 2007-2013)

High rate of unemployment

Romania's economic policies have not always been the most suitable, with pro-cyclical fiscal and income policies pursued by governments, with too little emphasis on investments

The monetary policy pursued by the National Bank of Romania has, however, had its weaknesses compared to the policies implemented by other regional central banks.

The country is still in a process of development

Business sentiment has also been hurt by Romania’s domestic political problems.


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