“It is a city still figuring outwhat it wants to be”

By Fatih EREN | 24 September 2010


Initially wanted to analyse Bucharest as a global city in this section because Bucharest is at a stage of economic, social and physical transition as a result of global concern which started especially after 2005.

Bucharest is the capital city of Romania which lies in the south-eastern part of Romania. It is the biggest city and the principal political, cultural and economic centre of Romania.

Romania joined to European Union in 2007. This accession was a breaking point for Romania in terms of the emergence of global concern towards the country. Romania suddenly became the centre of foreign direct investments in Southeast Europe. It was natural that Bucharest – Ilfov regions which were the pioneer counties of the country were the most interesting places for global investors.

After Romania’s accession to the EU, Bucharest has started to attract investment capital from EU funds. EU has granted 30 million euro to the country as state aids for infrastructure investments (telecommunication, transportation, energy) and 22 million euro of this aid was given to Bucharest – Ilfov regions.

Bucharest has also benefited from the rising foreign direct investment flows due to the privatization process in banking, telecommunication, utilities and manufacturing sectors in the country. International institutional investors from Europe have gone in a competition for loading the operations of major public services or purchasing important public enterprises in the country.

Many individual and institutional small investors from the world have found a place for themselves in Bucharest as well in order to benefit from the fast growing economy of Romania. These private investors have focused their investments on two sectors: real estate and information technology (IT).

Today, international investments are still going on in Bucharest despite the global economic crisis which emerged at the end of 2008. Bucharest has started to feel the impact of this global concern on its urban form, social and economic life.


Want to Read More?


Then, Please Click here to Download

Political Reflection (PR) Magazine (PDF | 3.851 KB)


* Published in the Third Issue of Political Reflection Magazine (PR).


About the author / 


Leave a reply

You must be logged in to post a comment.

jga bookreview

jga bookreview


jga bookreview

jga bookreview

jga bookreview

jga bookreview

jga bookreview

jga bookreview

jga bookreview


  • New Issue is Out Now!

    Vol. IV | No. V – October-November-December 2018 To Download the Magazine Click Here… CONTENTS 04-06…..World News by Furkan Sahin  08-20…..Terrorism in Syria and Beyond: An Interview with Prof. Alain Gabon by Dr. Rahman Dag 22-24…..Erdogan’s Best Shot is Still in the West by Dr. Murat Ulgul 26-30…..Raqqa vs Kobani – Terrorism vs Revolution by Dr. Rahman Dag 32-34…..Future of…

  • Domestic Politics and the Design of International Institutions

    Abstract Scholars are increasing focused on how and why states design international institutions. International relations theories have historically guided research on these institutions, but have not provided adequate insights into the theoretical bases for their design. Rationalists’ theories of domestic politics offer an alternative approach to understanding institutional design. This study utilizes the positive theory…

  • Five generations after the Balfour Declaration: How do Palestinians Resist and Engender Significant Social Change?

    How to Cite: SELLICK, P. (2018), Five generations after the Balfour Declaration: How do Palestinians Resist and Engender Significant Social Change?. Journal of Conlicft Transformation and Security, 6(2): 139–142. The context of Israeli expansion and Palestinian dispossession Over the past year, a series of anniversaries has occurred which marks the progressive dispossession and displacement of the Palestinians….

  • CESRAN International named the World’s #83 “Best Independent Think Tank”

    CESRAN International is pleased to announce that it has been named the world’s number 83 “Best Independent Think Tank”. The ranking was announced in the 2017 Global Go To Think Tank Index Report compiled by the University of Pennsylvania’s Think Tanks and Civil Societies Program (TTCSP) at the Lauder Institute. CESRAN International was also ranked 77th among the “Top Environment…

  • The Current State of AI as We Begin 2018

    Artificial intelligence (AI) states one recent article is no smarter than a six-year-old. A study that appeared last summer compared the intelligence quotient (IQ) of Google, Apple, Baidu, and Bing AI to the average human 18, 12, and 6-year-olds. The 6-year-old’s IQ was rated at 55.5 while the 12 and 18-year-olds rated 84.5 and 97.0 respectively. The end result rated…