Genel

BUCHAREST

0 2

BUCHAREST*

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

By Fatih EREN | 24 September 2010


Romania_bucarest

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 / 

CESRAN Int.

Leave a reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

CESRAN Blog

  • CESRAN International Named again amongst the Top Think Tanks in the World

    CESRAN International is pleased to announce that it has been named again amongst the world’s best think tanks. The 2019 Global Go To Think Tank Index ranked CESRAN International 141st among the World’s “Top Think Tanks in Western Europe” 75th among the World’s “Top Environment Policy Think Tanks” 153rd among the World’s “Top Foreign Policy…

  • THE 18TH ISSUE OF THE REST: JOURNAL OF POLITICS AND DEVELOPMENT IS OUT NOW.

    The 18th issue of the rest: journal of politics and development is out now. Download the issue here… TABLE OF CONTENTS Research Articles The Foreign Policy Decision Making Approaches and Their Applications Case Study: Bush, Obama and Trump’s Decision Making towards Afghanistan and the Region By Sharifullah Dorani Evaluating the Explanatory Power of Social Identity Theory,…

  • The IEPAS2019 (6th Annual Conference on Eurasian Politics and Society) has been completed successfully.

    The 6th International Conference on Eurasian Politics and Society was organised by CESRAN International and Universidade Autónoma de Lisboa on 4-5 July 2019 in Lisbon, Portugal. The conference hosted 11 scholarly panel sessions, one roundtable session and one book discussion session. IEPAS2019 started with the welcome addresses of Professor Jose Amado Da Silva (Rector, UAL), Professor Luis Tome (Scientific coordinator, OBSERVARE-UAL),…

  • Outbidding in Times of Uncertainty – Post-conflict transitions and competitive violence.

    Large bombings, only days apart, in Bogota and Derry/Londonderry have put paid to any notions of a simple peace process in either country. These events show that the two very different conflicts display many of the same dynamics. Both countries have seen increasingly fragmented peace processes, with multiple non-state actors and intransient splinter groups vying…

  • The inherent dangers of secrecy in the US foreign policy

    Since the Vietnam War, officials of the United States have increasingly abused the essential democratic safeguards of accountability and an informed citizenry in apparent attempts to protect themselves from being held accountable for their actions. They use secrecy and disinformation to prevent the American people from obtaining the information they need to evaluate their government’s…

Newsletter