Although the local agriculture sector remains attractive to investors, there are ongoing issues with the legislation, which hampers the acquisition of farmland and the sale of crops at the best prices, according to legal experts.
A group of 24 deputies, most of them from the National Liberal Party (PNL) have initiated a law draft that aims to impose stricter conditions for foreigners who want to buy farmland in Romania.
Denmark’s AP Pension is expanding its exposure to agricultural land in a proposed new deal to buy farmland in eastern Romania and lease it back to the Danish company operating farms on the land.
Individuals and companies have bought about 9,000 hectares of arable land in Romania’s Arad county in the last 12 months, seven times more compared to the previous year.
Foreigners from EU countries may be entitled to buy farmland located in towns or villages (intravilan), as well as woodland, according to a draft bill initiated by several Romanian MPs.
FirstFarms unveiled plans to double its Eastern European farming area, potentially tapping into moves which could bring an "oversupply" of land for sale in Slovakia.
Southern Harvest Company, a subsidiary of the American investment fund Anholt Services, has pruchased 2,700 hectares of farming land in Romania following two separate transactions
Kurt Langbein, director of a documentary film, “Land Grabbing“ visits the scenes of land grabs and talks to farmers, local communities and to the investors behind the schemes. The injustice of this destructive “development” model could not be clearer.
