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As of 2014 changes are expected in Romania concerning the selling of arable land to foreigners. According to the declarations of the Minister of Agriculture, Daniel Constantin, the Ministry of Agriculture of Romania is preparing changes in the procedure relative to the selling of arable lands to foreigners.
The intention of the Romanian Ministry is to restrict the selling of arable lands to 500 hectares, and a minimum agricultural experience of 3 to 5 years will be required.
Approximately the 8% of the Romanian arable land is, currently, in the hands of foreigners. In the ranking of foreign countries that have invested in the buying of arable lands, Italy holds the first place (24.29%), followed by Germany (15.48%), the Arab countries (9.98%), Hungary (8.17%), Spain (6.22%), Austria (6.13%), Denmark (4.52%), Greece and The Netherlands (2.4%), and Turkey (0.78%).
Monday November 5, 2012/ICE/ Italy.
http://www.ice.it
