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The Fate of Wealthy Greeks in Moldavia and Wallachia

March 22, 2025

For centuries, Greeks played a significant role in the regions of Moldavia and Wallachia—now part of modern Romania—particularly during the Ottoman Empire. Many were merchants, intellectuals, and members of the influential Phanariot class, which governed these territories under Ottoman rule.

The Impact of the Greek War of Independence

Following the Greek War of Independence in 1821, a large number of Greeks residing in Moldavia and Wallachia left the region. Many of them, including merchants, scholars, and members of the Filiki Eteria (a secret revolutionary society), returned to Greece to support the establishment of the newly formed Greek state.

Assimilation and Migration

With Romania's independence in 1878, Greek influence in the region began to wane. Over time, a considerable portion of the Greek population integrated into Romanian society, adopting the local language and customs. Others sought new opportunities in the Russian Empire, settling in cities such as Odessa and Bessarabia (present-day Moldova and southern Ukraine), where Greek communities were already well established.

Greek Presence in Central Europe and the Balkans

Beyond Russia, some Greek expatriates from Moldavia and Wallachia relocated to major commercial centers in Central Europe, including Vienna and Budapest, as well as other parts of the Balkans. Many of these families maintained their Greek identity and continued their involvement in trade and cultural activities.

While their presence in Romania diminished over time, the legacy of these Greeks endures, reflected in the historical connections between Greece and the broader Balkan region.

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