Articles

The Real Estate Law Review, 11th Edition

Law Business Research | February 2022

Partner Valentin Creața about real estate in Romania.

Romania's economy is currently entering a strong recovery driven mainly by domestic demand. Although the economy is expected to recover faster than expected, uncertainty remains high given the evolution of the covid-19 pandemic and real output is not set to return to pre-pandemic levels before the end of 2022.

Although the legal system may raise concerns about stability perspectives and the duration of court proceedings is rather long, significant steps have been made in fighting corruption, with Romania receiving positive assessments in this respect.

Reproduced with permission from Law Business Research Ltd.