03.14.2012

Private managers will firstly be installed at state-run companies Oltchim (OLT.RO), Romarm and Hidroelectrica, and then to Electrica Furnizare, Economy Minister Lucian Bode said Wednesday after a more

03.12.2012

Private medical services operator Medicover estimates the hospital it opened Monday in Bucharest, which entailed over EUR20 million in investments, has the potential to generate revenues of EUR15 more

03.06.2012

The National Investment Company (CNI) plans to extend its activity to carry out projects for private investors, alongside projects involving public works, according to a bill drafted by Romania’s more

02.27.2012

Romania’s largest bank by assets Banca Comerciala Romana (BCR) Monday said its private banking business rose 29% to over 2,000 customers at the end of 2011, with total assets under management worth more

02.23.2012

Romanian private lending fell 0.6% in real terms to 222.5 billion lei (EUR51 billion) in January compared with the previous month on the back of a decrease in leu-denominated loans, central bank data more

02.15.2012

The assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 7.14 billion lei (EUR1.6 billion) at the end of January 2012, up 4.7% from more

02.13.2012

Businessman Nicolae Sarcina, who owns the Succes store chain, plans to focus on hypermarkets and private brands in 2012. more

01.31.2012

The weighted average yield of Romania's mandatory private pension funds (Pillar II) between May 2008 and December 2011 was 11.7%, more than double the annual average inflation rate for the period, more

01.30.2012

The assets of Romanian mandatory (Pillar II) and voluntary (III) private pensions will exceed EUR2.3 billion by the end of this year, from around EUR1.6 billion in December 2011, due to increased more

01.26.2012

The Bucharest Court of Appeals cancelled a 391,809 lei (EUR90,286) fine applied by the Competition Council in 2010 against private pension fund BCR Pensii for breaching the law regulating the more

01.25.2012

Romanian private lending rose 3.3% in real terms to 223 billion lei (EUR51.3 billion) in December 2011 compared with the same month a year earlier, central bank (BNR) data showed Wednesday. more

01.23.2012

The net assets of Romania’s private pension funds might rise to 1.66% of the gross domestic product by the end of the year, from 1.22% in September 2011, when they reached 6.2 billion lei (EUR1.4 more

01.16.2012

The assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) rose by 47% in 2011 to 6.85 billion lei (about EUR1.6 billion), private pension regulator more

01.10.2012

Clients of private pension funds would have earned twice as much if they had they placed their money in banks. more

01.06.2012

Romanian mandatory private pension funds (Pillar II) posted a cumulated profit of 108.4 million lei (EUR24.9 million) in 2011, down 72% on the year, due to the reduction of the weighted average yield more

12.27.2011

Romania's private lending rose 0.8% in real terms to 223.8 billion lei (EUR52.15 billion) in November from a month earlier, central bank data showed Tuesday. more

12.23.2011

Authorities and the International Monetary Fund agreed to remove electricity distributor Electrica SA from the list of companies to receive private management. more

12.15.2011

Romanian private pension fund administrators may invest in private equity funds, commodity funds or in infrastructure, according to a norm approved Thursday by private pension system regulator CSSPP. more

12.13.2011

On a retail market where the battle is fought with prices only, the private labels of the major companies, either unknown or avoided by Romanians until not so long ago, are gaining ground so that more

12.05.2011

Contracts for the recruitment of private management at Romanian state-owned companies will be concluded for EUR50,000-EUR60,000, while EUR250,000 is the contract value ceiling, Economy Minister Ion more

12.05.2011

The government will pay EUR250,000 to the headhunter that will find the right manager for Hidroelectrica, the most valuable asset of the Economy Ministry, valued at EUR3.49 billion. This figure was more

11.25.2011

Romania’s private pension system regulator CSSPP has appointed former labor minister Mihai Seitan to head the private pension guarantee fund for the next four years. more

11.24.2011

Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday. more

11.24.2011

Mandatory private pension funds have narrowly escaped the severe corrections recorded on the stock exchanges under the impact of the sovereign debt crisis and posted yields of up to 5.7% over the past more

11.16.2011

Romania will have up to 20 private health insurance houses "fighting over clients" by 2013, said Cristian Vladescu, head of the National Public Health and Sanitary Management School, in the Romanian more