Bucharest is the capital and largest city of Romania. Bucharest is the industrial, cultural, and financial centre of Romania and is one of the main industrial centres and transportation hubs of Eastern Europe. Romania is in South Eastern Europe, bordering the Black Sea, between Bulgaria and Ukraine. The climate is temperate with cold, cloudy winters with frequent snow and fog, and sunny summers with frequent showers and thunderstorms. The official language is Romanian. Romanian is a Romance (coming from Latin) language and personnel who speak French or Italian will easily understand key words and phrases of Romanian. Many Romanians speak a few words of English and French. German is occasionally spoken, notably in Transylvania. A few words of Romanian will be appreciated by visitors. The main religion is Christianity. Romania is an upper-middle income European Union member economy of Central-Eastern Europe. Expatriate business dress is relatively conservative, requiring dark suits for men and a dress or a skirt and blouse for women. The security risk for expatriates in Romania is low. Risks include petty crime such as pickpocketing, poor road conditions, and corruption. The currency of Romania is the Romanian New Lei (RON). Romania is largely a cash economy. Credit cards are not widely accepted and there is a high risk of credit card fraud. ATMs are available that accept some international credit and debit cards. Euros are widely accepted. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Bucharest is 2.4 Million (Metro) (2018 est.), while the inflation rate (CPI) is 4.3% for Romania as at October 2018. Xpatulator Hypothetical Tax for Romania is based on the current personal income tax rate which is a flat rate of 10%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Bucharest, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Bucharest as at 1 October 2018 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Average 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Very Low 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Very Low 9) Miscellaneous: Average 10) Personal Care: High 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Very Low Bucharest is for example -26.2% cheaper than Houston TX for groceries, -22% cheaper for household costs than Kuala Lumpur, and 9.9% more expensive for transport costs than Dubai. The hardship premium for Bucharest for an expat from Perth, is for example 20%, i.e. host location (Bucharest) premium of 30% minus home (Perth) location premium of 10%. Bucharest is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Bucharest? Register subscribe to your home location and Bucharest and run your personalised reports.