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2 bed Farmhouse in Romania

Traditional Saxon house from late XVIII th century with 1170 sqm of courtyard and 167 sqm of house usable space (including cellar of 80 sqm.). Another 226 sqm of usable space in 5 annex buildings and,... Prices From: £54,573

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Property News

Investment in Eastern Europe Property Soars
2012-01-18
Investment in Eastern European property was up 6% last year according to new data from global consul.....

Romanian Property Owners Breathe Sigh of Relief as Economy Gets on Track to Recovery
2010-02-17
Romanian property owners and sellers have had significant cause to breath a sigh of relief in recent.....

Romanian Central Bank Cuts Key Rate as Recession Lingers
2010-01-05
Romania's Central Bank has taken the bold decision of cutting its key interest rate by 50 basis poin.....

New Romanian Government Hopes To Put the Country Back On Track
2009-12-03
Romania holds elections on Sunday. The new government will need to act quickly to reinstate IMF fund.....

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A Country Guide to Romania

Area

9,809,155 sq. km. (3,787,319 sq. miles)

Location

Southeastern Europe

Population

21.6 million (as per estimates of 2006) and Population Density of 90.6 per sq. km

Capital City

Bucharest with a total population of 2 million (as per estimates of 2005).

Language

Romanian is the official and most popular language of Romania. People along some border areas also speak Hungarian and German, while those employed in, or catering to, the tourism industry can speak and understand broken English and French.

Electricity

AC 220 volts, 50Hz. Two-pin plugs are commonly used

Currency

New Leu (RON, symbol Lei). 1Lei = 100 bani

Notes prevalent = Lei 1, 5, 10, 50, 100, and 500

Coins prevalent = Bani 1, 5, 10, and 50.

Currency Exchange

Currency Exchange facility is available at banks, airports, major hotels, and other authorized exchange offices (Birou de Schimb Valutar). Euros can be easily exchanged by shops, hotels, and restaurants, and major resorts easily exchange Pounds Sterling. Exchange rates may vary; therefore, it is advisable to shop around for best deal. Always beware about black market operating in Romania that deal in currency exchange, and transact with only the authorized ones. And don’t forget to take a receipt of the transaction, since some services require visitors to show the receipt as proof of having made at least one financial transaction. For more details and exchange rates, travellers are advised to consult their banks.

Credit/Debit Cards and ATMs

Credit/Debit/ATM Cards are being increasingly used in Romania. Several hotels, car hire firms, restaurants, and shops accept cards from major companies, like Diners Club, Visa, MasterCard, etc. However, it is advisable to carry some cash as well. ATMs (bancomat) are also conveniently situated in markets, banks, airports, shopping centres, etc. and accept MasterCard and Visa.

Traveller's Cheques

Travellers Cheques are useful only in hotels and for obtaining cash from the banks or selected exchange offices. As far as possible, travellers’ cheques should be exchanged because most shops and restaurants do not accept them. The travellers are also advised to carry travellers’ cheques in major currencies, like US Dollars, or Pounds Sterling, in order to avoid additional exchange rate charges.

Banking Hours

Banks in Romania function from Monday to Friday from 0900-1300.

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