Constanta

• • +
  • -
  text size
• add to favorites
• print

During the next years, municipality rehabilitation programs and private investment projects will place the city amongst the references in urban design quality and touristic attractions in South-Eastern Europe.

The Municipality of Constanta is the economic and administrative centre of the county with the same name. It is located in the south-eastern extremity of Romania. The eastern side of the municipality is bathed by the Black Sea, with the Danube River flowing approximately 50 km away from the western extremity of the city. Given its location, Constanta has a multi functional naval port, the fourth largest in Europe and a large surface of beach areas parked with touristic facilities that attract both Romanian and foreign tourists each year in the summertime.

At the end of 2007 several restoration and new structure projects have been presented by the City Hall in order to enhance the touristic possibilities, attract future investments, consolidate the urban infrastructure, ease traffic and overall to transform Constanta into a top European city.

An oak-shaped "lake city" on Lake Siutghiol that will represent a main holiday attraction, having docks on the sides, restaurants and bars on land; waterskiing possibility on the same lake, or the Tomis Port development, the building of a naval lock between Lake Siutghiol and the Black sea to enhance naval traffic; these are only a few examples of the future Constanta sustainable development plan.

Referring to transport services, the last 60 km stretch of the Bucharest - Constanta motorway is due to complete. The airport is to be upgraded and the number of domestic and international flights will significantly increase. The Irish airline Ryanair will commence flights from Italy and UK during the second quarter 2008.

The real estate market in Constanta will follow the same pattern as the one in Bucharest: the number of the residential development projects will constantly grow. The new locative units will be made at a higher quality level, respecting the market trend, the same applying for both permanent and secondary homes. The prices will rise as a consequence of the increase in land and raw materials price as well as the demand increase.

One of the changes that 2007 brought and 2008 will follow is the arrival of the international developers that until now have been focusing on the Bucharest market, but are already valuing the potential of Constanta, searching for land and investment opportunities.

Therefore the next years will bring exciting modifications to the city's characteristics, developing beyond interesting and useful facilities, a sustainable environment for its citizens. As the projects shape and develop, we will update this section in order to present the economic reality of Constanta as accurate as possible.