A Trip Down Memory Lane
This week, as we celebrate Live And Invest Overseas’ 16th anniversary, we’ve been taking a stroll down memory lane, remembering...
Read morePopulation: 19,638,000
Capital City: Bucharest
Climate:Temperate and Continental
Language: Romanian
International Dialing Code: +40
President: Klaus Iohannis
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
Romania is a big Central European country that makes big sense right now for big, central production.
Its port on the Black Sea gives access to the East and the Middle East. As a result, more and more organizations worldwide are looking for ways to take advantage of this.
That includes the U.S. Air Force, which is moving out of Germany and Turkey and into strategically located Romania.
We don’t know if this is a plus or a minus long term, either for Romania or for its would-be residents or investors. But, we remember that the U.S. military presence in Panama, for example, while it continued, sure proved a boon for that country’s economy.
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Romanians speak a Latin-based language that is relatively easy for Westerners to decipher (unlike the languages of Croatia and Montenegro, for example).
The country’s interior is beautiful…but not a likely retirement or full-time living haven…as winters are harsh. Great (and increasingly trendy) choice for a ski getaway, though.
Real estate values continue up, but it is still possible to get a true bargain, both in Bucharest and, especially, beyond.
The local currency is Lei (RON). Click here for currency conversion at today’s exchange rate.
Yes, Romania is now part of the Schengen area. As of March 2024 they will start with lifting controls at air and sea borders. So, the country is expected to get an important boost in travel, trade and tourism.
This week, as we celebrate Live And Invest Overseas’ 16th anniversary, we’ve been taking a stroll down memory lane, remembering...
Read moreThis week, as we celebrate Live And Invest Overseas’ 16th anniversary, we’ve been taking a stroll down memory lane, remembering...
Read moreThis week, as we celebrate Live And Invest Overseas’ 16th anniversary, we’ve been taking a stroll...
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