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Why should you invest in Romania? Is it still worth going to the Eastern Europe for a good property deal? On a market flooded by overseas alternatives, from Spain and Italy to Eastern Europe and the Middle East, are there any particular reasons why investors should focus their attention on the Romanian market? You can find below a brief list of issues that are likely to bias you towards Romania; in order to avoid over-praising, I’ve done my best to spice each of the listed advantages with a few bureau

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

cratic hurdles or thorny issues.

Now let’s see the ten reasons:

The housing market – the Romanian real estate market is still in its infancy. This makes some of the housing prices rather volatile, particularly in the sought-after areas – large cities, seaside, sky resorts, but overall the prices keep increasing. Compared to the number of properties available, there is a high number of agencies, situation that fragments the market. However, several large estate agents, such a

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

Regatta and Eurisko, strengthened their position over the past year and more and more web sites advertising properties, typically for individuals, started to appear. Coming back to the volatility of the market, on the negative side you might be quoted very different prices for the same house or flat, but on the positive side, with a bit of shopping around, you are guaranteed to find very good value for your money.

The pricing – year after year, predictions indicate that there

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

is still room for growth for the house pricing. With a housing market offer well under the needs of the population, the only way is up for the available properties. It is true, you will not find anymore the heavily advertised ?10000 flats in the centre of Bucharest, but there are plenty of good deals to be made. Bear in mind, the prices did increase by approximately 50% over 2006, but the predictions made early last year by the "A place in the sun" UK TV show aimed towards 400% over the following five

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

years, so this is clearly only the beginning (apparently this year's series of the show will see Romania drop to 8th place, but this is mainly due to Romania's real estate marketbeing still in its infancy, which was already acknowledged above)

The ‘other’ cities. The standard foreign investor looks at Bucharest as the only alternative; this makes the housing request rather uneven – opportunities still exist on the capital city, but the market becomes rather crowded. Large cit

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

es around Romania do witness similar growth in the housing prices, but properties there are far more affordable than the ones in Bucharest. While prices are not likely to reach similar levels to Bucharest, smaller investors may find better value by looking away from the capital. Two good examples of such cities are Cluj and Sibiu, both with good development projects currently underway. While Bucharest gets saturated, Sibiu slowly becomes a powerful financial centre and Cluj concentrates the business f

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

om the Transylvanian area.

The new developments – very few blocks of flats were built over the past 18 years in Romania. After a booming period for all types of construction during the Ceausescu era, the lack of coordination and investment led to a virtually dead period in terms of new developments. Another phase started over the past couple of years, with a large number of projects aimed at the upper class (see the Monte Carol Palace or Orhideea Gardens proj

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

cts). Whole areas were covered with villas around the large cities (Corbeanca and Jilava being two of the examples near Bucharest), blocks with expensive fittings and close circuit facilities were built nearby lakes or parks in the centre of Bucharest - the Monte Carol Palace mentioned above. Time has now come for massive projects aimed at the middle class (with a family income around ?800-1000/month), affordable, no-thrills flats; the nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

tinum-towers-a-new-residential-development-in-the-centre-of-bucharest/" target="_blank">Vitan Platinum Towers development project, currently seen as 'the star' of most real estate enquiries, is only a drop in the ocean when compared to the current market needs. It is therefore common sense that hundreds similar projects are likely to appear in the next few years aiming to rebalance the market.

The legislation – as all countries exiting the communist era, Romania i

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

famous for bureaucracy (also likely to be influenced by the Latin spirit); the oddly shaped queue (thinner towards the end and very thick when approaching the teller) is the norm for any government-related service. In spite of this, the inventive Romanian spirit led to a parallel service industry developed over the past years, ready to provide investors with a “complete package”, including ready-made forms, people queuing to get all the paperwork sorted, and well-oiled clerks and civil servants. Whil

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

this is not how business should be done, such agencies will guarantee you a swift resolution of all required paperwork, reducing the process from months to days.

The planning permission – the biggest hurdle for the UK housing market must be planning permission – plots of land quadruple their value when the owners obtain the long-awaited planning permissions, big projects collapse due to the local council rejecting the development proposal. Although this is a slightly exaggera

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ed view, as UK’s example is a good one to follow because rules must be in place to avoid chaotic development, Romania is situated at the other extreme. Current process for obtaining planning permissions is rather straightforward and is not likely to hit any problems when going through the administrative hoops. This situation might change in the future, but for the time being does influence the price of land, see below.

The land – due to the relatively easy process required to

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

btain planning permission, virtually any plot of land in Romania can be transformed from agricultural to housing . As a result, any land bought in the vicinity of cities is likely to be part of a satellite village in 10-20 years time (see the expansion of cities below), with its value likely to increase accordingly. Prices already increased over the past few years and particularly over 2006, for all types of land but, with current prices still as low as a few Euros per square meter for larger plots, t

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

is is yet another guaranteed investment that should be considered.

The workforce migration – the Romanian workforce market is currently in turmoil. A part of the workers are looking into migrating abroad and most of the ones that want to remain in Romania challenge their employers for western European wages. One of the heavily discussed results of the EU integration was a possible exodus of workforce towards the Western Europe. Without debating whether this will have a positiv

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

or negative impact on the foreign economies, the Romanian economy already sees the changes brought by the migrating workforce. Returning temp workers bring back their economies, boosting the prices particularly during the holiday periods. The economy overall strengthens due to this welcomed influx of capital, situation likely to grow in the future. Further, the employees and unions pressure is likely to push the salaries up over the next few years. What will happen then – the house market prices will

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

raise, once again!

The expansion of cities – the creation of the Bucharest Metropolitan Area is underway and it won’t be long before other large cities will follow its example. The under-developed villages around these cities will go through substantial changes, with derelict dwellings likely to transform into villas and whole agri

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ultural plots nearby becoming new housing districts. With city prices currently reaching hundreds of euros per square meters in all major Romanian cities, these plots will be the only alternative in the near future for small investors aiming to be within commuting distance from city centres.

The developing road infrastructure – it is difficult to see the positive side of a big disadvantage. The lack of motorways and well-built roads in Romania makes transport a challenge and c

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

mmuting an utopia, but the situation will change. Rather slowly until now, with only one undergoing motorway and another one ready to start, hopefully faster in the near future, under the scrutiny of the EU, the motorway infrastructure will improve substantially over the next years. Why is this important for housing? We can see this very well in the UK – being next to a busy road will have a negative impact on the interest for a property, but being in the middle of nowhere does not make wonders for th

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

price tag of a house, particularly for working couples. The ongoing motorway mentioned above has already had a strong positive impact on the prices nearby the city of Oradea, and this is likely to repeat when further motorways will appear on the map. Therefore, buying land in the vicinity of soon-to-start major road developments, either for housing or for industrial projects, is likely to be a very good investment.Concluding, Romania is going through quite a few changes these days - economi

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

al, social, political, even cultural, all likely to impact on the already booming market. Aside from the comments made in the last reason, the potential investors will not get an easy ride, as they might find that projects might take longer to complete; further, salary increases, motorway construction, and city expansions will not happen overnight in an environment still stained by bureaucracy. However, properties offering good value for money are definitely out there, ready for all types of investors

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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This article provides a brief overview of the debt negotiation process. Most importantly, an account must age prior to be negotiated.

Each year, thousands of Americans make money with real estate investments. If you are interested in being one of those individuals, there are a number of steps that you need to take, as well as tips that you should familiarize yourself with. A few of those steps and tips are outlined below for your convenience.

Discover the fastest way to make money in real estate investing. Real strategies that work with or without your own money to get you the proven results you want!

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