11.29.2023

Luxury apparel manufacturer Canada Goose has purchased the operating assets of Romanian clothing company Paola Confectii Manufacturing from Titu (Dambovita County), the local partner of Canada Goose, more

11.15.2023

Biodegradable packaging maker Exonia, a business contro­lled by entrepreneur Tiberiu Stoian, will be taking over the assets of the former bakery plant in Romania's northeastern city of Iasi. more

11.14.2023

Infinity Capital Investments (SIF5 – formerly known as SIF Oltenia) had net assets of RON2.57 billion in January-September 2023, a record high of the last ten years, as per its financial report more

10.06.2023

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported assets of RON114.6 billion for August 2023, as per data released by Romania’s Financial Supervisory more

10.03.2023

Total assets of insurance companies in Romania stood at RON26.3 billion at the end of the first quarter of 2023, up 2.5% on the year, while debts stagnated at RON19.4 billion, up just 0.1% on the more

08.01.2023

The three largest mutual fund managers in Romania had RON11.2 billion worth of net assets under management at the end of June 2023, accounting for over 60% of the total net assets managed by the top more

07.27.2023

Businessman Eusebiu Gutu has acquired the assets of the former insolvent chemical plant Nitroporos Fagaras, part of InterAgro Group, for EUR8.2 million. more

06.23.2023

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported record assets of RON107.4 billion at end-May 2023, as per the latest data released by Romania’s more

06.12.2023

Romania's Competition Council on Monday said it approved a transaction through which Silcotub is taking over two collection centers for recyclable industrial waste operated and managed by Silnef. more

05.25.2023

The net assets of the 93 Romanian open-end investment funds totaled RON17.8 billion (EUR3.6 billion) in April 2023, up 1.9% since the beginning of the year, data from the local Association of Asset more

05.22.2023

Net profit at the level of the Romanian banking system at the end of the first quarter of 203 hit a new record high, of almost RON3.4 billion, up around 70% from the gain reported for 1Q/2022. more

05.15.2023

SIF Oltenia (SIF5.RO) on Monday (May 15) has announced assets of RON2.22 billion for the first quarter of 2023, in line with the level at end-2022 when its assets decreased by 8.3% year-over-year. more

05.09.2023

Alpha Bank Romania posted EUR11 million net profit in the first quarter of 2023, while its assets reached EUR4.4 billion, 13% higher than in the year-ago period. more

04.26.2023

Real estate developer Iulius of businessman Iulian Dascalu has established a joint venture with Romanian-American investment group W&E Assets, whose founders include Iasi tech entrepreneur Ilie more

03.30.2023

Investment fund manager SAI Certinvest saw 3.9% growth in net assets in the first two months of 2023 compared with December 2022 and a 217% increase in the number of new active investors, the company more

03.30.2023

The ten largest banks by assets in Romania increased their assets at different paces in 2022, going from 5% to 56%, while the net assets of the entire banking system increased by almost 10% to a more

03.23.2023

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported assets of RON101.4 billion for February 2023, higher by RON5 billion since the beginning of 2023, more

03.01.2023

Financial investment company SIF Oltenia (SIF5.RO) posted RON2.2 billion assets in 2022, down from the RON2.4 billion of 2021. Net profit on the other hand, increased from RON37.6 million to RON165 more

03.01.2023

SIF Banat Crisana (SIF1.RO), a financial investment company that will soon change name to Lion Capital, announced its assets reached RON3.4 billion in 2022, compared with RON3.6 billion in the more

02.21.2023

The private pension funds operating on the mandatory segment in Romania (Pillar II) reported record assets of RON100.2 billion in January 2022, being the first time Pillar II funds have overshot the more

01.30.2023

The net assets of the 240 domestic and foreign open-end and closed-end investment funds operating in Romania fell by 1.3% in December 2022, to RON45.9 billion, and plunged by 14.4% since the beginning more

01.23.2023

Romania's private pension system, consisting of Pillar II - mandatory private funds to which several million Romanian employees contribute a portion of their gross monthly income, and Pillar III - more

11.28.2022

The net assets of the 239 domestic and foreign open-end and closed-end investment funds operating in Romania fell by 0.7% in October 2022, to RON46.4 billion (EUR9.5 billion), and plunged 13.4% since more

09.06.2022

The assets of former chemical plant Nitroporos, part of InterAgro Group held by businessman Ioan Niculae, are up for sale after the company went bankrupt several years ago. more

08.26.2022

Banca Transilvania financial group ended the first half of this year with net consolidated profit of RON1.046 billion, 3% higher than in the same period of 2021, with the bank’s profit standing at more