Infrastructure boost set to attract investors to Romania

andres del risco

News that the EU is set to offer significant funding to improve infrastructure throughout Romania could lead to increased investor interest.

The report, compiled by the online magazine Business Review, suggests that the European Union could invest as much as £4.1 billion into the development of motorways and improved routes throughout the country.

It is widely expected that such a large improvement will make the country a far more attractive investment proposition for global companies.

According to a recent report by the World Economic Forum, Romania was ranked 134 out of 139 countries regarding the quality of its roads. This is despite being the ninth largest country within the EU.

Generally speaking, investment in Romania has been in decline for the past 3 years.

According to data from the Romanian Agency for Foreign Investment (ARIS), the level of direct foreign investment has dropped from EUR 9.5 billion in 2008 to just EUR 2.26 billion in 2010.

Although the financial crisis would have undoubtedly been a factor in such a rapid decline, the generally poor infrastructure within the country will have played its part as well.

Now, with the majority of EU countries striving to put the global financial crisis behind them and such a major revenue boost regarding infrastructure, Romania looks set to become considerably more attractive to investors.

Property investors in particular will see the benefits of infrastructure as being significant.

Better roads mean likely savings on time and money regarding transportation. Romania could be set set to reap the benefits from these changes for a long time to come.

Transfer Money to Romania

Are you looking to invest in Romania? It is probably a good idea to think carefully about how you will be transferring money to Romania. Most foreign currency exchange rates quoted by banks are usually worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Romania – which you will inevitably have to do if you are looking to make a property investment - make sure you compare the market before you buy your overseas currency.

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Infrastructure boost set to attract investors to Romania

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