Romania

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Romania Fast Facts

aerial view of Bucharest, Romania

Population: 19,638,000
Capital City: Bucharest
Climate:Temperate and Continental

A Castle In Romania

Language: Romanian
International Dialing Code: +40
President: Klaus Iohannis

Map of Romania

Romania: An EU Destination With A Low Cost Of Living And Bargain Real Estate

Reviewed by Kathleen Peddicord

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.


Unirii Square in Bucharest Romania
AdobeStock/twindesigner

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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Green pin on the map shows the location of Romania By Zerophoto
AdobeStock/Zerophoto

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.

Romania - FAQs

Is Romania Part Of The Schengen Area?

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.


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