Expat eye: Is living in Bucharest cheap? Seven things to check out
5 June 2018 • NewsMost expats – Western ones at least – will tell you that they have a better quality of life here than in their home country. Foreign adventures and careers aside, this largely comes down to money: your cash goes further here, so if you have any sort of Western income – not even a particularly impressive one – you’re laughing.
Where do expats prefer to live in Bucharest?
5 June 2018 • Real estateSome 70% of expat managers and foreign diplomats come to Romania with their families, so they prefer to settle in northern Bucharest for the large parks and green areas, access to international schools and kindergartens, and the availability of premium apartments.
Cost of Living in Romania
5 June 2018 • NewsThe cost of living in Bucharest can be comparable to the one in other major European cities, while the average salary is 2300 lei (around 500 euro). Local dairy products and produce are relatively affordable compared to the prices in Western Europe. Lunch menus are usually cheap, but dining in a restaurant is significantly more expensive. A main dish, a side and a beverage can cost between 60-100 lei (14-22 euro) per person, depending on the quality of the restaurant.
Daily life and social customs
6 June 2018 • NewsRomanians’ lives are generally guided by the religious traditions to which they adhere. Thus, ethnic Romanians who follow the practices of Eastern Orthodoxy participate in elaborate customs and ceremonies during Holy Week and at Easter. The Hungarian and German minorities, who generally belong to the Roman Catholic and Protestant churches, put a greater emphasis on the celebration of Christmas.
Foreigners Buying Property in Romania
6 June 2018 • Real estateThe Romanian Legal System establishes precise regulations concerning the matter of ownership right over real estate in Romania. There are several distinct instances that must be explained in order to fully understand the overall legal approach. Foreign citizens can acquire real property in Romania, but only on certain conditions. These limitations generally concern immediate economic criteria that Romania had to fulfill as an active member of the European Union.
The largest PORCELANOSA showroom in Europe was opened in Bucharest
9 June 2018 • NewsThe largest PORCELANOSA showroom in Europe was opened in collaboration with the local DISEŇO brand . The space from Dorobanti Calea 135-145 is a source of inspiration through the way materials and textures are combined resulting in an unexpected and innovative design.
Globalworth lists the second issue of corporate bonds worth 550 million euros on the Bucharest Stock Exchange
1 June 2018 • NewsGlobalworth lists the second issue of corporate bonds worth 550 million euros on the Bucharest Stock Exchange Globalworth real estate investment firm, founded by Greek businessman Ioannis Papalekas, listed the second issue of corporate bonds worth 550 million euros on the Bucharest Stock Exchange (BVB), BVB announced.