Country report RO
LUGOJ, ROMANIA
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Country report RO
ROMANIA
General Issues
Romania is a country located at the crossroads of Central and Southeastern Europe, on the
Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea.
Romania shares a border with Hungary and Serbia to the west, Ukraine and Moldova to the
northeast and east, and Bulgaria to the south.
At 238,391 square kilometres, Romania is the ninth largest country of the European Union by
area, and has the seventh largest population of the European Union with 21.5 million people.
Its capital and largest city is Bucharest, the sixth largest city in the EU with about two million
people.
With the fall of the Iron Curtain and the 1989 Revolution, Romania began to transition
towards democracy and a capitalist market economy. After a decade of post-revolution
economic problems, extensive reforms fostered economic recovery and the country joined
the European Union on 1 January 2007. Romania is now an upper middle-income country
with high human development and relatively high standards of living.
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Romania joined NATO on 29 March 2004, and is also a member of the Latin Union, of the
Francophonie, of the OSCE and of the United Nations, as well as an associate member of
the CPLP. Today, Romania is a unitary semi-presidential republic, in which the executive
branch consists of the President and the Government.
Economy
Romania has a developing, upper-middle income market economy, the 11th largest in the
European Union by total nominal GDP and the 8th largest based on purchasing power parity.
Reforms in the 2000s and its recent entry to the European Union have led to an improved
economic outlook. Romania has experienced growth in foreign investment with a cumulative
FDI totaling more than $100 billion since 1989, and has been referred to as a "Tiger" due to
its high growth rates and rapid development. Until 2009, Romanian economic growth was
among the fastest in Europe (officially 8.4% in 2008 and more than three times the EU
average). The country is a regional leader in multiple fields, such as IT and motor vehicle
production.
Bucharest, the capital city, is one of the largest financial and industrial centres in Eastern
Europe.
In the Romanian press the Romanian economy has been referred as the "Tiger of the East."
Romania is a country of considerable economic potential: over 10 million hectares of
agricultural land, diverse energy sources (coal, oil, natural gas, hydro, nuclear and wind), a
substantial, if aging, manufacturing base and opportunities for expanded development in
tourism on the Black Sea and in the mountains.
Romania has considerable natural resources for a country of its size, including coal, iron ore,
copper, chromium, uranium, antimony, mercury, gold, barite, borate, celestine (strontium),
emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites (sulfur), clay, arable
land and hydropower.
Romania's mineral production is adequate to supply its manufacturing output. Energy needs
are also met by importing bituminous and anthracite coal and crude petroleum. In 2007
approximately 34 million tons of coal, approximately 4,000 tons of tungsten, 565,000 tons of
iron ore, and 47,000 tons of zinc ore were mined. Lesser amounts of copper, lead,
molybdenum, gold, silver, kaolin, and fluorite also were mined.
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LUGOJ
Location
Lugoj is a city in Timiş County, Banat, western Romania, situated on both banks of the Timiş
River (which divides the city in two halves, the Romanian on the right and the German on the
left bank). It is the seat of the Eparchy of Lugoj in the Romanian Church United with Rome,
Greek-Catholic. Two villages are administered by the city, Măguri and Tapia.
The city has an area of 9.855 hectare and is bounded in the northwest by a ridge.
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Population
Lugoj has a population of about 50,000 inhabitants. There are 81.6% Romanians, 10.9%
Hungarians, 5.3% Germans and 2.3% Roma.
The religious live is characterised by a peaceful coexistence of about 76,6% Orthodox,
13.2% Roman-Catholic, 1,5% Greco-Roman, 4,7% Reformists, 2,2% Baptistic und 1,8%
Pentikostalic people.
Economy and traffic
The Mediterranean Sea influences the climate in Banat. The fruitful land, the sunny hills, the
near forests, clay and grit are the natural treasure of the region. There are also cultivation of
crops and wine.
Lugoj is located on the two most important trunk roads: European street E 98 Bucuresti Timisoara and the highway DN 68 from Lugoj to Deva. Furthermore there is an important
railroad junction on the connection of Bucuresti - Timisoara.
In the past the city was characterised by crocker, tanner and other artisans and also
agriculturists and winegrower. With the times added brick, textile and metal-working industry.
After the chance new businesses and professions and a modern industry park came into
being. Today of all ceramic, shoos and textile, toys, food and also high quality electronic
systems are produced.
Today there are 2,165 companies. 1,943 of them are registered as a Ltd. and 222 as a stock
company, whereat 31 can be assigned to the commercial trade, 107 to the service sector
and 1,927 to the trading sector.
Of the currently 15,700 wage-earners about three quarters are working in the industry, 14%
in the trade sector, 6% in the construction sector, 2% in the agriculture sector and 2% in
administration.
Because of the political stability of the country, the existing skilled employees and not as
least of the engagement of the city, many big foreign companies were founded in the last
years (eg. porcelain manufacturer Villeroy & Boch, Rieker and the Shoo Union and also
Caradon - elektronic and Werzalit - timber processing industry).
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PROPERTY
Area
Lot Nr. 1331/12/1/1 - 17.900 mp – rededication of agricultural to building area
Lot Nr. 1331/12/1/2 - 6.400 mp - dedication as agricultural area
Total Property
24.300 mp
Owner of the properties is the Romanian company Unger Imobiliare S.R.L.
Since the company only contains the ownership of the properties and no obligations or
liabilities, both a plain purchase of the properties, as well as the purchase of the Romanian
company through a share-deal is possible
Location
The property is ideally situated directly on the national route no. 680, which runs to the city
centre of Lugoj, and only a few metres from the route’s intersection with the newly erected
city-bypass, which forms part of the transnational European Route E 70 from the Spanish
Atlantic Coast to the Black Sea at Varna (Bulgaria).
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Property
Property
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Property
Plan of site
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Property
Pictures
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Property
For further information please contact:
Mr. Alexander Burdiak
Unger Stahlbau Ges.m.b.H.
Gumpendorfer Straße 19-21, 1060 Vienna, Austria
Tel: +43/1/5852615 – 502, Fax: +43/1/5852615 – 15
Mobile: +43/664/8115015, E-Mail: [email protected]
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