Bucharest | Planning System | Title Guarantee | Acquisition Process | Real Estate Taxation | Corporate law

Home » About Romania » Bucharest


 

Bucharest

Bucharest Region Map
Bucharest Region Map
Bucharest is the capital city and industrial and commercial centre of Romania. It is located in the southeast of the country, and lies on the banks of the Dâmboviţa River. According to January 2006 official estimates, Bucharest proper has a population of 1,930,390. The urban area extends beyond the limits of Bucharest proper and has a population of 2.1 million people. Adding the satellite towns around the urban area, the metropolitan area of Bucharest has a population of 2.6 million people. Bucharest is the 6th largest city in the European Union by population within city limits.

Economy

Economically, the city is by far the most prosperous in Romania and is one of the main industrial centres and transportation hubs of Eastern Europe. Bucharest is the most economically-developed and industrialized city in Romania, producing around 21% of the country's GDP and about one-quarter of its industrial production, while only accounting for 9% of the country's population. Almost one third of national taxes is paid by Bucharest's citizens and companies. Based on local purchasing power, Bucharest has a per-capita GDP of 64.5% that of the European Union average (2004), and more than twice the Romanian average. Based on the fact that Bucharest produces around 21% of Romanian GDP for a population of around 2 million, the GDP (PPP) per capita of the city would be US$20,057. The city's strong economic growth has revitalised infrastructure and led to the development of many shopping malls and modern residential towers and high-rise office buildings.
Bucharest's economy is mainly centred on industry and services, with services particularly growing in importance in the last ten years. The city serves as the headquarters of 186,000 firms, including nearly all large Romanian companies. An important source for growth since 2000 has been the city's property and construction boom, which has resulted in a significant growth in the construction sector.
The city is served by two airports: Henri Coandă International Airport (formerly Otopeni) and Aurel Vlaicu International Airport (formerly Băneasa). Henri Coandă is the largest airport in Romania and the main hub for the national operator TAROM. It is also connected to several international airports by a wide range of international airlines. The smaller Aurel Vlaicu Airport is used for charter flights and low-cost carriers.

Bucharest Sector Map
Bucharest Sectors Map
Administration

The city proper is administratively known as the Municipality of Bucharest (Municipiul Bucureşti), and has the same administrative level as a county, being further subdivided into six sectors.

The six sectors are numbered from one to six and are disposed radially so that each one has under its administration an area of the city center. They are numbered clockwise and are further divided into districts without any form of administration (cartiere):

Sector 1: Aviatorilor, Aviaţiei, Băneasa, Bucureştii Noi, Dămăroaia, Domenii, Dorobanţi, Gara de Nord, Griviţa, Victoriei, Floreasca, Pajura, Pipera, Primăverii, Romană.
Sector 2: Colentina, Iancului, Moşilor, Obor, Pantelimon, Ştefan cel Mare, Tei, Vatra Luminoasă.
Sector 3: Balta Albă, Centrul Civic, Dristor, Dudeşti, Lipscani, Muncii, Titan, Unirii, Vitan.
Sector 4: Berceni, Olteniţei, Tineretului, Văcăreşti.
Sector 5: 13 Septembrie, Cotroceni, Dealul Spirii, Ferentari, Rahova.
Sector 6: Crângaşi, Ghencea, Giuleşti, Drumul Taberei, Militari.

The Municipality of Bucharest, along with the surrounding Ilfov county, forms the Bucharest development region, which is not, however, an administrative entity.

Demographics

In addition to the population of Bucharest there are about 50,000 people who commute to the city every day, mainly from the surrounding Ilfov county. The influx of immigrants to the city has resulted in an increase in dencity in the west, east and southeast. Urban growth is occurring both inside and outside the ring road, whilst the city is expanding outside the ring road and beyond the city boundaries to the west, and inside it on the northern side.