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If there is anything important going on the Romanian real estate market, you will know it from us!

 

GDP of Romania (Overview for 2010)

omania, which joined the European Union on 1 January 2007, began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession thanks to strong demand in EU export markets...

Romania - Main Macroeconomic Indicators

Read more on Romania's main macroeconomic indicators.

Housing in Romania

61.101 new homes have been built last year, dropping 3.313 units against the figures from 2008, according to the Romanian National Institute of Statistics. During Q4 in 2009, 22.931 have been finalised, namely, 4.820 fewer than in the same period of the previous year.

Romania's GDP

Romania's GDP dropped in the last three months of 2009 by 6.5% compared to the same period, last year, a press release of the National Statistics Institute . According to the document, the value of all goods and services produced in Romania in the last three months of 2009 were 152.29 billion lei. Agriculture and industry registered an increase while constructions, commerce and financial activities decreased.

Monetary Easing Back On Following Surprise Cut

In a sign that monetary easing is now back on the agenda, the National Bank of Romania surprised the market with a 50bps cut to its main policy rate (to 7.50%) on December 5. This affirms our previous view that the NBR would wait until a new government was installed and political stability improved, before cutting rates further in order to avoid a run on the leu. To this end, parliament's approval of Prime Minister Emil Boc's centrist government on December 24 has defused the political crisis in play since October, paving the way for a return to monetary easing..

The GDP of Romania

Romania will post a rise in the GDP at 0.5 percent in 2010, as compared to a minus 7.8 percent drop in 2009

The current account deficit will be minus 4.9 percent this year; this compares to minus 4.2 percent in 2009. The World Bank anticipates for 2011 that the Romanian GDP will rise at 4.2 percent, while the current account gap will widen to minus 5.5 percent.

 

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Older Articles from 2009

 

Green projects gain momentum in Europe

A spate of eco-friendly developments have been scheduled for construction as the international second homes industry reacts to changing buying patterns across the world.

The latest company to do so is developer Willbrook Management International which has announced its intentions to develop Diamond Residences, a 144-apartment eco-resort in Varna, Bulgaria, featuring a spa, health club, restaurants and energy saving air and lighting services at a cost of €40million.

Romania Impresses the Best

Romania is making its mark with all the right people and institutions. Standard & Poor, the financial evaluation agency, have recently upgraded Romania’s banking industry risk assessment profile, reflecting the healthy growth and profitability of the banking sector. In addition, specialist investors in private equity funds have given the green light to Romania, along with Poland, voting them the most attractive destinations for Western risk capital investment funds..

Investors Take Advantage of Romanian Mortgages

Prospective investors in Eastern Europe’s best kept secret - Romania - will find that obtaining a mortgage is a straightforward process, with a number of different mortgage options available through Obelisk Private Finance to residents and non-residents who buy property in Romania.

Irish Investors Forge Romania Real Estate Links

The Romanian star is rising – and at full throttle if recent travel developments are anything to go by. Thanks to the introduction by Aer Lingus of the first bi-weekly, direct flights between Dublin and Bucharest, up to €3 billion is expected to be plunged into the Romanian property market by eager Irish investors keen to minimize their exposure in a wobbly domestic market and grab a slice of the Eastern European pie before it is all gobbled up.

FDI Investment in Romania Continues to Grow

Statistics recently released from the Romania Central Bank show an impressive increase of foreign investment in the country during 2008. According to the Bank's figures, foreign direct investment (FDI) totalled €9.02 billion in 2008 up from €7.25 billion in 2007, an increase of almost 25%.

Romania's strategic position in the midst of central Europe, its skilled workforce and low labour costs remain key attractions for foreigners planning to set up in the country. In addition, corporate tax, levied at the flat rate of 16% in Romania, is one of the lowest in Europe.