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About Romania
1. In its Dec. 22, 2005 national credit analysis, Standard & Poor's Ratings Services raised its long-term counterparty credit rating on Romania-based Banca Comerciala Romana (BCR) to 'BB-' from 'BBB-', following improvements in its operating environment and steps toward privatization. The outlook is positive.
2. Based on data tracking the performance of commercial real estate in "EU-candidate" countries, we believe that given current opportunities and projections, a portfolio target IRR of at least 30% is achievable over a 3-5 year timeframe.
3. The latest "A Place in the Sun ", a Channel 4 property show lead by Amanda Lamb, revealed Romania as the best place to realize significant return on overseas investment. Over the next ten years, property prices in Romania are predicted to increase by 414 %.
4. Official sources, including Romania's Raiffeisen Housing Bank (RBL) are predicting that the country's real estate market rised to US$7.5 billion in 2004, up from US$6.6 billion in 2003, as the economy improves and mortgage lending gains momentum. The market is expected to reach US$11 billion in 2007, with transactions increasing by 30% each year.
5. Internationally, Romania has garnered a fine reputation for its curative health and spa resorts also. The country hosts around 70 health resorts, some founded centuries ago by the ancient Romans. The mineral waters, mofettes (natural sources of carbon dioxide), and mud baths are known to treat rheumatism, dermatological diseases, kidney, respiratory and infertility problems, among others: Covasna, Baile Tusnad, Borsec.
It's a cash cow
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