5 Reasons This Country Might Be The Best for You | Retire in Romania - Pros, Cons, & Cost of Living

How is life in Romania, the cost of living, and the pros and cons?

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Thinking about how to retire in Romania, the CHEAPEST country in the European Union?
Today, we’ll explore why moving to Romania could be a good choice for those thinking about retirement in Europe, especially Americans.

From the cost of living to the best places to live in Romania (NOT including Bucharest, but rather cities like Brasov, Oradea, and Iasi), we’ll break down everything you need to know.

You will learn the pros and cons of living in Romania and why so many expats are making this beautiful country their new home!

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Based on this article: https://expatriateconsultancy.com/retire-in-romania/

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💡 TOPICS IN THIS VIDEO 💡
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🔎 EXCERPT 🔎
Why Romania might be the best country for you.
I will also show you the not-so-good part, the cons, of moving to retire in Romania
And by the end of this video, you will discover 3 cities where you can live a good life
spending for an entire year, what you would spend in 3 months in the US.
Let’s begin with the pros of living and retiring in Romania.
The first one is their remarkable improvement in quality of life and economic conditions
In 1995, Romania was one of the poorest countries in Europe
With a per capita income of just $1,650 a year, it was far poorer than Serbia or Bulgaria.
Less than 30 years later, in 2022, their income skyrocketed almost 10 times, to nearly 16,000 dollars per year,
leaving both Serbia and Bulgaria far behind!
But the income per capita was not the only thing that improved in Romania
Healthcare has improved,
Infant mortality was reduced to levels similar to the United States
Unemployment is quite low
and life in general is much better,
to the point that alcohol consumption is quickly declining- although it might still be considered high.
Nowadays, western Romanians have a quality of life similar to Hungarians or Croatians.
They are no longer the poor country that was forgotten in the past, but a modern, growing economy.
A peculiar fact that translates to how fast Romania is developing is its impressive internet infrastructure.
They have one of the fastest internet speeds in the world,
and all that thanks to the post-communist reforms that opened the market to internet providers and stimulated competition
It is quite the opposite of what happened in Greece, which favored monopolies, and surprise surprise - has very bad internet speed.
And since we are talking about reforms that allowed private investment in certain sectors, this is directly related to our next pro.
Private Healthcare in Romania is good and very, very affordable.