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EUR12.8 billion boost to Romania's economy offers new opportunities for property investors

Investment of EUR12.8billion in Romania's new motorway network promises to redraw the country's economic map - and provide increased opportunities for property investors.

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EUR12.8 billion boost to Romania's economy offers new opportunities for property investors
Admin Member Image Neil Lewis (PS) EUR12.8 billion boost to Romania's economy offers new opportunities for property investors
Posted: Feb 14 08 14:39
Total Posts: 163
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Having driven around Romania this summer I can't tell you how welcome these roads will be!

My Sat Nav's maps ended at the end of Austria - mainly, I believe, because it is impossible to predict when you will arrive anywhere when travelling by road.

Journey's that should have taken 3 hours took 6 or more!

Delays are frequent - and the traffic at weekends is appalling!

Oh, the pleasures of a rapidly emerging market!

Cheers
Neil

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alrichards (PRO Member) RE: EUR12.8 billion boost to Romania's economy offers new opportunities for property investors
Posted: Feb 15 08 10:16
Total Posts: 40
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Hi Neil,

Doubtless as part of your trip you travelled between Brasov and Bucharest, beautiful views but not good if you are prone to motion sickness.

Two years ago I made this journey in the summer and commented to my Romanian colleague about the amount of roadworks we encountered. On the one hand I thought at least some of that EU pre accession money was being put to good use and despite the constant delays it was a nice day and I wasn't in a hurry.

My colleague confided in me that this particular road was modified and resurfaced only 12 months earlier using the aforementioned funds. The government was in dispute with the British contractor responsible for the road which had basically fallen apart during the previous winter months.

Perhaps this partially explains why 3 hour journeys in the UK tend to take 6 hours as well!...............oh the pleasures of living in a non emerging market.

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