05.29.2014

Romanian Prime Minister Victor Ponta said Thursday that the Government is close to drafting a new Partnership Agreement with the European Union for 2014-2020 and the EU funding programs for this more

05.29.2014

The decline of bank interest rates below 4% a year has hindered the appeal of deposits as a savings tool and bank clients are seeking more profitable alternatives. more

05.26.2014

The Bucharest Stock Exchange's chronic lack of liquidity may cause problems to private pension fund managers which, under the law, are required to invest some of the assets in stock trading on the more

05.22.2014

Romania’s five largest money managers ended 2013 with net cumulated profits above RON34 million, mainly generated from the management of low-risk mutual funds. more

05.21.2014

The assets of Romania’s mandatory private pension funds (Pillar II) rose by nearly RON3 billion in the last 6 years, reaching RON15.46 billion (EUR3.47 billion), the Pension Fund Association (APAPR) more

05.19.2014

Private mandatory pension funds (pillar II) held investments of 2.3 billion lei in stock of companies listed on the bourse at the end of March, double the volume posted in the same period of last more

05.13.2014

Erste Asset Management, the biggest mutual fund manager in Romania, wants to raise EUR100 million with six new funds destined to investors seeking alternatives to the falling interest rates of banking more

04.25.2014

The number of small and medium-sized businesses in Romania is three times lower than the EU average and EUR3 billion has been allotted to support SMEs in 2014-2020, Romania's EU Fund Minister Eugen more

04.24.2014

Globalworth Real Estate Investments, founded and owned by Greek businessman Ioannis Papalekas, one of the most active realty investors in Romania, raised EUR144 million on the London Stock Exchange, more

04.23.2014

The European Commission approved an investment of EUR74.3 million from the European Regional Development Fund to clean up several oil contaminated sites in several counties throughout Romania, with more

04.23.2014

Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO) earmarked up to RON526 million to fund small- and medium-sized enterprises (SMEs), with half of the financing guaranteed more

04.23.2014

CEC Bank granted loans worth approximately RON2 million in the last two months via the Program on Guaranteeing Loans for Small and Medium Enterprises and is currently checking up loans worth another more

04.16.2014

Agriculture has reached its extensive growth ceiling and will direct the EUR8 billion in EU funds made available to it in 2014-2020 to intensive production and processing systems in the next seven more

04.15.2014

Romania should absorb EUR2.9 billion in EU funds this year for investments in agriculture, EUR200 million more than in 2013, Agriculture Minister Daniel Constantin said Tuesday at a conference more

04.14.2014

Mutual funds have raised 1.2 billion lei (EUR269 million) from investors in the first quarter, which was their best ever. Most money went to funds with conservative investment strategies, but more

04.09.2014

Private pension funds in Romania may invest EUR500 million on the capital market, in new public offerings, between 2014 and 2015, said Raluca Tintoiu, general manager of ING Pensii. more

04.07.2014

Romanian Agriculture Minister Daniel Constantin stated Monday that the ministry will draw EU funds worth EUR2.9 billion in 2014, adding that agriculture flourished and has great potential in the more

04.07.2014

Romania absorbed around EUR1.4 billion (32% of the total) from the EUR4.3 billion the European Union made available for its transport infrastructure during the 2007-2013 period. more

03.26.2014

Romania will have to attract EUR1.28 billion through the EU-funded operational program for Transport for 2014 and 2015, within the 2007-2013 Cohesion Fund, and the country’s roads authority CNADNR more

03.25.2014

Romania's Ministry for Information Society plans to attract EU financing of at least EUR850 million for IT&C projects in 2014-2020. more

03.21.2014

Romania could absorb this year more Eu funds than in all previous years combined, of EUR6 billion, and reach and absorption rate of around 60% in 2014 and 80% in 2015, said Marius Radu, EU fund more

03.21.2014

Romania received EU funding of EUR21.3 billion in 2007-2013 and paid EUR10.6 billion to the EU, resulting in a positive balance of EUR10.9 billion, Adrian Vasilescu, adviser to the central bank more

03.12.2014

Romania used less than one third of the EUR4.4 billion EU funds made available via the EU-funded SOP-T (Sectoral Operational Program - Transport) program for the 2007-2013 program. Another EUR3 more

03.11.2014

The combined net assets of Romanian open-end investment funds rose 3.17% to 13.98 billion lei (a little over EUR3 billion) in February, from RON13.55 billion a month earlier, data from the local more

03.07.2014

Romania’s new Cabinet wants to increase the absorption rate on European Union structural and cohesion funds by 50% to 80% by the end of 2015, according to its new governing program. more