Romanian authorities have a history of giving up fertile agricultural land to foreign companies or Romanian “fat-cats”, all to the detriment of small scale, diverse, economically sustainable and environmentally sound agriculture.
Le gouvernement de centre gauche prévoit soit d'imposer un plafond pour la superficie qu'un étranger sera autorisé à acheter, soit d'exiger que l'acheteur ait une expérience dans ce domaine, a indiqué M. Constantin
Since Jane Mendillo took over the endowment in July 2008, Harvard’s holdings of forests, farms and other natural resources in Brazil as well as in New Zealand and Romania have grown to about 10 percent of the portfolio -- more than $3 billion -- and she wants to add more.
For years, Romania has been a playground for foreign investors. Drawn by the vast amounts of available land, along with prices lower than in the rest of Europe, more than 700 000 hectares of land are now owned by foreign investors.
Jeffrey Notaro, a trader who worked on Wall Street for 18 years, set up investment fund Black Sea Agriculture seven years ago, mainly for investments in farmland in northern Bulgaria and south Romania.