Bran Castle, Romania

 

Malta Properties & Developments Ltd.

The real estate company specialising in Transylvania & Romania

ABOUT ROMANIA

Romania's modern history is as haunting as its old Dracula legend: The brutal reign of dictator Nicolae Ceausescu ended in 1989, but the country is still plagued by a past of poverty and political uncertainty. Its capital, Bucharest, is only just beginning to break from the post-communist nightmare of polluting traffic, massive potholes, roaming dogs and panhandling children. And yet Romania remains appealing to visitors, offering an entirely different culture from what you'll find elsewhere in Europe. It has some of the most stunning mountain scenery on the continent, and many parts of the countryside seem untouched by modern history. For adventurous travelers, the eerie castles, charming medieval villages and painted monasteries hidden away in deep forests more than make up for the often drab cities and the irritating bureaucracy that lingers from the country's communist past.

Arc de Triumph, Bucharest

Brasov Square, Romania

Journal Palace building, Bucharest


Information by Northstar Travel Media LLC

ROMANIA COUNTRY REVIEW

Romania is located in Southeastern Europe; with a coast to the the Black Sea and between the countries; Bulgaria and Ukraine.The country is spread across a land of 238.391 km2 and the population is approximately 22 million people. The capital city is Bucharest and the language is Romanian. The current currency is LEU (ROL) but it will denominated by mid 2005 and the new currency will be RON (new LEU). The exchange rate will be around 1 EUR = 3.65 RON.

Since the beginning of the 1990s, Romania made its own steps to turn into a market economy. Transition was long and uneven but now the Romanian economy has transformed itself into a Western-oriented market economy with economic output mainly produced in the private sector. In 2004, the growth in GDP came out to be 8.1% which makes Romania one of the fastest growing economies in the world.

Considerable progress has been made on disinflation over the past three years. The authorities did not quite meet their end-2004 target of 9%, but came close, with year-end inflation of 9.3%.

ROMANIA ECONOMIC FORECAST

The economic outlook for 2005 and 2006 is positive, based on a continued inflow of foreign direct investments (FDI) growing consumer demand and increasing exports.

A yearly economic growth of around 5-5.5% is expected in the next couple of years and inflation is expected to gradually decrease.

In 2004, FDI amounted to EUR 4.1 billion and in 2005 the country is expected to attract comparable, if probably somewhat lower levels of FDI (due to one-off privatizations in 2004). The imminent accession to the EU, some major privatizations, the country’s favorable geographical position in Eastern Europe, its qualified workforce and very low wages have helped Romania to attract increasing foreign investment in the last couple of years.  

Romania has the target to continue with disinflation and the authorities have therefore established year-end inflation targets of 7% in 2005 and 5% in 2006.

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Bucharest - Brasov - Sinaia - Poiana Brasov - Bran - Predeal - Moeciu - Rasnov - Busteni - Poiana Mica

Malta Properties & Developments is a Maltese owned Limited Liability Company registered in Romania  

Directors: Johann Camilleri (Managing), James Gauci Borda. Copyright in Malta 2006