Romania

  Romania  

Retirement in Romania

 

No Dracula…but Romania more than makes up for that…it has gorgeous cities like Bucharest and Sinaia--the former being the exquisite, gothic Romanian capital, the latter being the “Carpathian Pearl” and the summer residence of the Romanian Royal family. In Sinaia, the Neo-Renaissance Peles Castle is one of the best-preserved in Europe… You can hike or ski in the Transylvanian Alps (the Carpathian Mountains).

 

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Fast Facts About Romania

Romania-FF
  • Population: 21,790,479
  • Capital City: Bucharest
  • Climate: Temperate, cold winters with snow, hot summers with thunderstorms
  • Time Zone: GMT+2
  • Language: Romanian, Hungarian
  • Country Code: 40
  • Location: Southeastern Europe, bordering the Black Sea, between Bulgaria and Ukraine

Archives

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Transylvania…Not Just a Paradise for Vampires

Bram Stoker never visited Transylvania. Instead, the Irish-born novelist relied on dusty old volumes from London’s libraries and second-hand stories from Ármin Vámbéry, a Hungarian writer and traveler with whom he was well acquainted, to inspire and inform his neck-biting masterpiece, Dracula.

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Transylvania Bites Back

Romania acceded to the European Union back in 2007… just in time for the global financial crisis to bite it in the neck. GDP growth, which at a robust 6% to 7% during the previous few years had been among the highest on the continent, promptly collapsed. The economy contracted by a whopping 6.5% in 2009 and remained in the red the following year. It’s been in a state of tentative recovery ever since.

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World News

Major infrastructure improvements for Nicaragua Word has it that a group of Spanish investors are looking to make major investments on the Caribbean coast. New customs booths are being built on the country’s southern border and construction may start soon on two new airports in San Carlos and San Juan del Norte. On the Pacific […]

Double Your Money in 3 Years in Eastern Europe

Wednesday, Feb. 6, 2008 Bucharest, Romania Read more about foreign real estate investing in International Living Postcards—your daily escape Some Romanian-based real estate commentators have made bold forecasts that prices in Bucharest will grow for another 15 years. I wouldn’t dare to make such far-sighted claims, but I do believe the property market will continue […]

Buy Bucharest

Romania’s economy is expanding, in ways and at rates that remind me of Ireland in the 1980s and 1990s, and, as a result, just as I witnessed firsthand on the Emerald Isle, and for many of the same reasons, Romanian’s property prices will appreciate at dramatic clips over the coming five to 10 years. New […]

Cash in on Bucharest’s property boom today

If you’re looking to add an Eastern European layer to a property portfolio, there are plenty of reasons why Bucharest deserves your attention. Bucharest is the capital of Romania, which only joined the EU at the beginning of 2007. Some Romanian-based real estate commentators have made bold forecasts that prices here will grow for another […]

The Best Way to Buy in Romania

Saturday, Jan. 26, 2007 Read more about investing in international real estate in International Living Postcards—Saturday Edition Last week, I wrote about investing in Bucharest. A couple of readers who own real estate in Romania took issue with the following statement: “While foreigners can’t own real estate directly in Romania, setting up a Romanian corporation […]

Cash in on Eastern Europe—Buy Bucharest Now

Saturday, Jan. 19, 2008 Learn more about investing in foreign real estate in International Living Postcards—Saturday Edition I was bullish on the renovation market in Bucharest in 2005. But I’m hot on the whole country of Romania for 2008. The market has moved on from renovations…to pre-construction. And forces are aligning to catapult this market […]

Where to invest your dollars in 2008—our real estate insider’s top picks

Where to invest your dollars in 2008—our real estate insider’s top picks

Something’s happening on the north coast of Brazil.

A great machine is coming, a machine of property developers and promoters who learned their trade on the costas of Spain, the Persian Gulf coast of Dubai, and anywhere else the European investor cast an acquisitive glance across a border. I know, because I’m a small cog in that machine.

No argument, Bucharest is booming

No argument, Bucharest is booming

Five years ago, you could buy an 800-square-foot apartment in some parts of Bucharest for less than $12,500. By the end of 2006, buyers struggled to find anything much in Romania’s capital for less than $100,000.

Transylvania: Staking out Vlad in Sighisoara

Inside the citadel gate, I’m stopped by three men. Waving a fearsome-looking pike, one is clad in moleskin breeches. His smock-wearing companion beats a drum, while the third—almost dwarf-sized, wearing black velvet and a frilly ruffle—capers around jabbering in various languages. Deep in Transylvania, Sighisoara has witnessed some grisly deeds over the centuries. Mercifully, these […]

Stranded on a Bucharest Backstreet

Beware the rogue who drives this type of car. The Scotsman told him we weren’t paying anything. Not a single lei. And if he didn’t like it, he could call the police. After that, he spat at our feet, swore a blue streak, then drove off in a rage. I don’t know the exact insult, […]

One Castle, No Vampire: $135 Million

Be warned. You may find Transylvania’s Bran Castle a $5 disappointment. Although the castle’s rocky perch is spectacular, my garden shed is far more spooky. Unlike here, unknown creatures rustle about the shed’s cobwebby corners. The occasional bat flits overhead at twilight. And it definitely isn’t overwhelmed by hordes of coach tour gawpers fiddling with […]

Transylvania

It’s not just vampires you’ll find in Transylvania’s stories. Ever wondered what became of the children of Hamelin, spirited away by the Pied Piper? This fairytale German kidnapping was the Piper’s revenge after Hamelin’s townsfolk reneged on a promised payment for ridding them of rats. One folk tale says the youngsters emerged in Romania–in a […]

2005 Annual Global Retirement Index: The world’s top retirement havens

2005 Annual Global Retirement Index: The world’s top retirement havens

For the fifth year in a row, Panama has taken top honors in our Annual Global Retirement Index. It comes out on top in every category, including the Special Benefits (for retirees) category, boasting the world’s best pensionado program, better than the famed Costa Rica program of the 1980s. Plus it boasts a low cost of living, affordable real estate, great weather in the interior, and, extraordinary and unique in this part of the world, First World Panama City, with infrastructure that works, U.S-style shopping malls, nightclubs, restaurants, cafes…even Dunkin Donuts and The Colonel’s fried chicken.

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