Romania through my eyes

When I fought with… “Diego Armando Maradona” Major problems MUST be solved before we invest on a property


(part 1) All time classic, 10.11.2008 I never met an old, low class bureaucratic officer of Ceausescu times. I was not around that time (my first trip abroad without my family was at the age of 14, back in 1989, when I travelled as part of a folklore dancing group to Italy and France). But as I was looking to this gentleman, I was sure that if I would be able to travel back in time, lets say to 1978, I would have found him in front of me, sitting in an uncomfortable chair, in the back of an old desk, holding the title of “very important – vital deputy officer, taking care of spreading the ideals [...]

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Why Greece will NOT bankrupt in May


Since several months now, either we live in Romania, Greece or… USA, we keep on reading about the “Greek tragedy”. Actually it has become something like a… soap opera. Every day we have new episodes, new events and situations. We hear and watch the heroes stating their… lines, plus special guests appearing. But what a surprise… it always happens something interesting: Some news in the end of the day leave the audience eager to find out more during the next day. “And so the story goes”… If you want to remember my opinion regarding why Greece has reached this level of problems, you can [...]

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“When is this crisis going to end?”The negative and the “more realistic” scenario for Romanian market


(Part 2, to read part 1, please press here) During 2005 – 2007, I was positive about Romania’s future, considering the country as an almost “ideal” place to invest in. In 2007 (November 23rd interview to “Curierul National” newspaper) I stated for the first time that part of the Real Estate prices during 2008 will go down (and almost everyone laughed). Today I have been explaining to you all the problems that exist around us. But too many people ask me: “Ok, Ilia, I understand what you mean and maybe I can also agree with you. This is who we are and we will not change any time soon. So, taking [...]

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“When is this crisis going to end?”The positive scenario for Romanian market


(Part 1, to read part 2, please press here) During 2005 – 2007, I was positive about Romania’s future, considering the country as an almost “ideal” place to invest in. In 2007 (November 23rd interview to “Curierul National” newspaper) I stated for the first time that part of the Real Estate prices during 2008 will go down (and almost everyone laughed). Today I have been explaining to you all the problems that exist around us. But too many people ask me: “Ok, Ilia, I understand what you mean and maybe I can also agree with you. This is who we are and we will not change any time soon. So, taking [...]

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Tips about buying new apartments:10. Do you want to buy an apartment in a development under construction? Advantages and disadvantages


Investment in a new apartment is one of the most important moments in the economic life of each and every one of us. Statistics say that we usually buy 1 – 3 dwellings during our life, so every mistake counts. During the last years (as there were not many new apartments ready) people used to buy the right to purchase an apartment in a future building. Today the situation is different and there is a significant stock of new apartments waiting buyers to choose. But there are also many other projects under construction. Which of the two options is better? It is vital for you to know their advantages [...]

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“Mister Ilias, I will resign, I can not work after 18.00, my boyfriend doesn’t allow me”


A really successful businessman… (All time classic, 14.10.2008) Sunday afternoon, in Radu Beller area, Bucharest. The coffee places are half full, thus lots of parking lots are available. A young guy leaves, driving his Maybach (I guess he wanted to feel more secure, this is why he bought a 600.000 euro car – hopefully not by leasing…) and now there are three available parking places. Two seconds after, a big Mercedes illegally turns left and now it stands in front of the three parking plots. After mature thought (I guess), the driver chooses to reject all three and park his car exactly [...]

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Miss Piggy’s husband, the… “sexy nun”and the seventh sin: Greed


Part 2 (to read part 1, please press here) Introducing “The Hero” I named him “The Hero” because this client proved out to have incredible sums of patience. After the first meeting with “Miss Piggy’s husband”, we were asked to meet with a lady, “in charge for all the documents and all the details, the real head of the company”. A new meeting was scheduled in order “to sit down and proceed our deal with her”. (This happened also with the third client, but I had not joined the meeting – ill – and unfortunately I was informed that things did not turn out as we were expecting them to). “The Hero” [...]

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Miss Piggy’s husband, the… sexy “nun”and the seventh sin: Greed


Part 1 “Office building with 14% yield” “Hello, are you the Greek who is buying properties with income?” “I can be this one too. With who am I honored to talk, please?” “I am… and I work for … company. I have a super opportunity for you, an office building in the center of Bucharest with 14% yield. Can you handle it? It is a big deal”. “My dear friend, this is why I was born. In order to come in Romania and handle this office building with 14% yield”. “Do you have clients for something big like this?” “I do, send me papers and let us meet”. This was the first time I heard about “a company [...]

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