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%.
Continue reading ‘FDI Investment in Romania Continues to Grow’

Romania took another important step towards a seamless transition of power when Prime Minister Delegate, Emil Boc, was validated through a vote of confidence by the Romanian Parliament on the 22nd December, 2008.
Continue reading ‘Boc Confirmed as Romania’s Prime Minister’

“The Romanian Black Sea Coast is a blend of old and new. Many historical sites and ancient monuments, together with the traditional culture of the region - a mixture of Romanian, Greek, Macedonian and Turkish influences – merge with all the modern facilities offered by the resorts.” commented Dan Johnson, Managing Director of The Move Channel.
Continue reading ‘New on The Market in Romania’s Black Sea Beach Coast’

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.
Continue reading ‘Romania Impresses the Best’

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.

Continue reading ‘Investors Take Advantage of Romanian Mortgages’

Obelisk Property Investment is pleased to announce the launch of the Fontana Residence, located in one of the world’s most dynamic investment destinations. Comprising 65 apartments, the Fontana Residence is set in one of Romania’s most picturesque valleys in Cluj-Napoca – Romania’s top investment spot and major employment centre. With an average price of around €115,000, the Fontana Residence offers investors the potential to earn a massive 242% return on investment over 5 years.

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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.
Continue reading ‘Irish Investors Forge Romania Real Estate Links’