12.16.2015

KPMG Restructuring, the judicial administrator of insurer Astra Asigurari, will draw up, in the upcoming period, a strategy for an efficient patrimony liquidation by business transfer for insurance more

11.17.2015

Assets managed by private pension funds in Romania rose nearly 30% on the year to RON24.27 billion (EUR5.5 billion) in the first nine months of 2015, and account for 3.46% of Romania's gross domestic more

11.13.2015

Enel Green Power, Enel group’s renewable energy division, switched to net losses of EUR97 million in the third quarter, from EUR102 million profit a year before, mostly due to the impairment of more

09.18.2015

Austrian developer Immofinanz posted revenue from rents worth EUR11.8 million on the local market in the first quarter of financial year 2014-2015 ended July 31, similar with the same period a year more

09.17.2015

Globalworth Real Estate Investments, founded and run by Greek businessman Ioannis Papalekas, has signed a memorandum of understanding for the acquisition of a real estate portfolio made up of 30 more

07.14.2015

Insurer Allianz-Tiriac posted assets worth 2.3 billion lei (nearly EUR515 million) in 2014, up 13% compared with 2013, fueled by the growth of financial investments and intangible assets, the company more

04.30.2015

Telekom Romania Communications on Thursday said it put up for sale or partial re-lease 24 real estate properties, in capital Bucharest and seven other cities, at a starting price of EUR26.3 million. more

04.09.2015

Czech debt collection specialist APS Holding, which bought Volksbank Romania’s portfolio of non-performing loans last year, jointly with other investors, sold real estate assets worth EUR33 million more

03.17.2015

Assets managed by private pension funds in Romania reached RON20.2 billion (EUR4.5 billion) at the end of 2014, up 36.7% on the year, and account for 3.05% of Romania's gross domestic product, from more

02.26.2015

The Board of Directors of Italy’s utility Enel on Wednesday discussed the updates in the disposal plan of the group’s shareholdings in Eastern Europe and agreed to suspend the disposal of more

02.24.2015

Pension fund BCR Pensii reported net assets worth 1.3 billion lei (EUR292 million) in 2014 on mandatory (Pillar II) and voluntary (Pillar III) private pension segments, up 41% on the year, and more

02.24.2015

Romania’s Information Society Ministry asked Telekom Romania Communications (the former Romtelecom), in which it holds a 46% stake, to halt the sale of assets such as real estate ones, until the more

02.18.2015

Italy’s utility Enel has temporarily suspended the sale of its Romanian assets, as it already managed to reduce its debts following the successful completion of several transactions included in the more

02.05.2015

The concentration degree in the Romanian banking system has increased modestly over the last three years, with respect to banks holding market above 5%. more

02.02.2015

Irish cement maker CRH will buy most of the cement assets that French group Lafarge and Swiss construction materials maker Holcim must sell ahead of their planned merger, including the Romanian more

01.19.2015

Private pension funds in Romania are seen reaching RON26.3 billion in assets at the end of this year, of which RON25 billion on the mandatory segment (Pillar II), Raluca Tintoiu, head of the local more

01.07.2015

Voluntary private pension funds (Pillar III) had an average yield of 7.45% last year, from 11.33% in 2013, and total net assets of RON1.04 billion (EUR232 million) in December 2014, 28% higher than in more

01.07.2015

Mandatory private pension funds (Pillar II) had an average yield of 8.71% last year, from 11.75% in 2013, and reached total assets of RON19.1 billion (EUR4.26 billion) in December 2014, 37% higher more

12.29.2014

The assets of Romanian mandatory (Pillar II) and voluntary (Pillar III) private pensions are expected to reach nearly 26.3 billion lei at the end of 2015, of which Pillar II will total some RON25 more

12.04.2014

Assets managed by private pension funds in Romania reached RON18.8 billion at the end of September, up 27.12% from the end of 2013, and account for 2.8% of Romania's gross domestic product, according more

09.25.2014

Italy’s utility Enel wants to get 1.7 billion-1.8 billion euros for the three Romanian units put up for sale, compared with the state’s evaluation of maximum EUR1.3 billion, otherwise it might more

08.19.2014

Euroconsult, the liquidator of Ecodiesel, which bought Crisana refinery in 2008, will put up for sale together the company’s assets, including the refinery, a biodiesel plant and plots of land more

08.05.2014

Romanian drilling company Dafora Medias (DAFR.RO) Tuesday said it plans to sell assets worth 29.8 million lei (EUR6.7 million) that are not related to its core business. more

08.04.2014

Romanian building materials maker Prefab Bucuresti (PREH.RO), owned by businessman Marian Petre Milut, plans to sell several assets, including a 12-room villa in the seaside resort Jupiter and a more

07.29.2014

Romania’s state-run energy company Termoelectrica has sold several assets, including its thermal power plant in Doicesti, to European Energy Communications SRL for 60.89 million lei (EUR13.8 more