Romanian economic growth 'to outpace other countries'
Growth in the Romanian economy could lead to it overtaking other markets such as Hungary, an expert has predicted.
Sandor Demjan, chairman of Romanian property developer TriGranit, stated that the country would outpace its eastern European neighbour in terms of its economic expansion.
Speaking to online financial journal Portfolio, he added that Romania's standard of living would also beat Hungary, while it would also enjoy a larger influx of capital.
Mr Demjan made the claims in response to growing amounts of business in the country, as Romania has now become of the leading markets for property developers.
He stated that this was due to increased visitor numbers, as the tourist industry was likely to become one of the largest businesses in Romania and other nearby countries.
Earlier this month, American lawyer Anthony Raftopol, told the New York Times that fast growth in the Romanian economy was leading to a surge in its property market, which in turn was attracting foreign investors.
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