Dimitris sent me to an interesting European city survey indicating that Budapest, Moscow and Bucharest are the places to see the strongest capital inflow in the coming period, with Bucharest positioned in a high-interest position. That should not come as a surprise to anybody as the market was and still is underexploited by foreign companies - office spaces and real estate are the hottest places to invest into Bucharest, everybody and their mother are having a vested interest in it. [pdf]
However, talking to some local entrepreneurs at Podio (the one and only podcasting show about business and entrepreneurs in the Romanian online and my latest gig together with Radu) Romanians might also consider going after Europeans markets as well given the coming January 1 EU admission. That might be a brilliant idea in some certain market segments, me thinks.
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I love Bucharest, too. If you are tripping to Budapest you might like to check out Hungary’s first English language podcast and more:
www.budacast.hu
Well it's not that surprising.
Our capital market for example, is growing and growing.
balkansmedia.com
Not at all surprising, Bucharest is a place where money can spin and get more money, Bucharest is booming, business is growing, demand is higher that offer, there is a thirsty retail consumer market which is ready to buy all new stuff. Unfortunately people are spending too much, I guess way over their income growth, loans are beginning to show high rates of default, and there are also other problems like traffic and pollution to follow. All in one Bucharest could become a 'real' metropolis in like 10 years, when we'll live together with other 4,999,999 people. Yuppie!