Why Brasov?
Transylvania evokes powerful images of vampires and Gothic castles, yet few visitors actually make it to the region to spend time among its real-life mountainous landscapes and medieval cities, chief among them the picturesque Brasov, surrounded on three sides by peaks.
Established by Teutonic Knights in the 13th century, Brasov has plenty to offer visitors, from old fortifications, city walls and watchtowers to churches, hiking trails and traditional food, not to mention a nearby bear reservation and Bran Castle, one of Romania’s main tourist attractions and billed as Dracula’s Castle (though the 13th-century Vlad the Impaler, on whom Dracula is loosely based, had little interaction with the place).
For centuries, the city was dominated by its German inhabitants, who called the city Kronstadt, the “City of the Crown”. Even today, it retains aspects of this German culture, which blends intriguingly with Romanian influences among its winding alleys and ancient buildings.
A comfortable bed
It would be difficult to get more central than Bella Muzica (www.bellamuzica.ro; 0040 268 477 956), an ornate hotel located in a 400-year-old building right on the main square in the city. Doubles cost from €60 (Dh233) per night, including taxes.
Nearby, Casa Albert (www.casa-albert.ro; 0040 722 886 054), a more modernist boutique hotel just off the pedestrianised Strada Republicii, boasts a handful of stylised rooms. Doubles cost from €55 (Dh214) per night, including taxes.
If you're seeking additional pampering, head to the four-star Kronwell (www.kronwell.com; 0040 368 730 800), with its plush spa and wellness centre. Rooms cost from €85 (Dh331) per night, including taxes.
Find your feet
Brasov is easy to explore on foot, just be prepared to get lost among the many winding lanes. Start at the tourist office in Council Square (Piata Sfatului), swing by the Black Church, one of the largest Gothic churches in south-east Europe, then down Strada Republicii, with its many outside terraces and attractive architecture. Five minutes’ walk from Strada Republicii, you’ll find Rope Street (Strada Sforii), the narrowest street in Europe, at just 1.3 metres wide.
If you want a bird’s-eye view of the city, take the cable car up to Panoramic Tampa, the peak overlooking the city. Alternatively, follow the winding footpath up to the summit, which takes about an hour to walk.
Meet the locals
Most evenings, locals and visitors alike congregate in Council Square, at the heart of Brasov’s old town, or stroll around the pedestrian lanes in the centre. Council Square also hosts regular outdoor events, including photo exhibitions, weekend craft fairs, Christmas markets and concerts.
Book a table
Brasov has plenty of small restaurants in which to try traditional Romanian food. If you’re looking for somewhere more atmospheric and don’t mind a bit of a wait, head to Sergiana (sergianagrup.ro; 0040 268 419 775), which offers hearty Romanian staples for a reasonable price. Try the beef loin with tarragon, or the deer steak in wild-berry sauce with rice. Main courses start from 25 Romanian lei (Dh22).
Alternatively, pop in to Festival 39 (www.festival39.com; 0040 743 339 909), a lively city-centre restaurant with jazz performances and an impressive international menu. Try the duck breast with aniseed sauce and baked pineapple (48 lei [Dh42]), or the salmon tagliatelle with orange (28 lei [Dh25]).
For a light snack, La Ceaun (www.mancarelaceaun.ro; 0040 371 197 147) is a cosy restaurant just off the main pedestrian street that offers homemade soups and savoury pies (starting from 9 lei [Dh8]). The menu changes daily, so you'll have to see what they have on offer when you go.
Shopper’s paradise
Brasov isn’t exactly a shopper’s city, but Strada Republicii offers the best options for high fashion, ski-wear and local specialities, including traditional snacks and other foodstuffs. Take a stroll to the indoor produce market on Strada Nicolae Balcescu to check out fresh local cheeses and meats.
What to avoid
Brasov is a laid-back, safe place, so about the worst that’s likely to happen to you is getting ripped off by a taxi driver with a dodgy meter.
Don’t miss
Thirty minutes’ drive from the city is the supposed real-life inspiration for Dracula’s Gothic castle in Bram Stoker’s novel. Bran Castle, the former residence of Romanian royalty, is a stunning medieval castle that’s seemingly built out of the rock face, and a must-see for anyone visiting Romania.
Go there
Flydubai (www.flydubai.com) flies from Dubai to Bucharest from Dh1,850 return, including taxes. The flight time is five hours. The Romanian airline Tarom (www.tarom.ro) has twice-weekly flights from Dubai to Bucharest from Dh1,520 return, including taxes. Private car transfers from Otopeni Airport in Bucharest to Brasov (www.otopenitransfers.eu) cost from €105 (Dh408) for a three-person vehicle, and take about two hours and 40 minutes.
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Blonde
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Power: 201hp at 5,200rpm
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How to improve Arabic reading in early years
One 45-minute class per week in Standard Arabic is not sufficient
The goal should be for grade 1 and 2 students to become fluent readers
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Grade 1 curricula should include oral instruction in Standard Arabic
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Improve the appearance of textbooks
Revision of curriculum should be undertaken as per research findings
Conjugations of most common verb forms should be taught
Systematic learning of Standard Arabic grammar
SPECS
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Lexus LX700h specs
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Torque: 790Nm from 2,000-3,600rpm
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CREW
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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The stay
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