06.11.2015

Petre Tulin, general manager of Romanian lender Banca Comerciala Feroviara (BCF), took over the position of deputy general manager of Romanian Bank Deposits Guarantee Fund, the fund said on its more

06.05.2015

Romanian local financial regulator ASF authorized BRD Asset Management, the third fund manager by size with RON2.6 billion assets under management, to launch open-end investment fund BRD USD more

04.29.2015

US hedge fund Elliott Associates, the largest shareholder of Fondul Proprietatea (FP.RO) with an over 19% stake, bought into the fund as early as 2009-2010. At the time Fondul Proprietatea had not more

04.02.2015

Insurance firms in Romania issuing mandatory car insurance policies RCA will pay to Street Victim Protection Fund a contribution of 2% of the volume of cashed premiums to ensure the funds needed to more

03.31.2015

China-CEE Investment Cooperation, whose main shareholder is China's Exim Bank of China, sees investment opportunities in various sectors in Romania and is currently discussing projects in telecom and more

03.25.2015

China-CEE Investment Cooperation, whose main shareholder is China's Exim Bank of China and which has a $500 million budget to invest in Central and Eastern Europe, is entering the Romanian market more

03.17.2015

Norway’s sovereign fund, with assets five times bigger than Romania’s GDP, in 2014 doubled its bet on Romania, reaching EUR115 million worth of investments in nine Romanian listed companies. more

03.16.2015

The value of payment requests submitted by banks to Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) for non-performing loans (NPLs) rose 45% in 2014, the fund said in more

03.10.2015

Private pension funds are discussing with the Financial Supervisory Authority (ASF) an increase of the cap on share investments. A 5-percentage point increase to 25% of their assets would translate more

02.11.2015

The top five fund managers in Romania, with 20.2 billion lei (EUR4.6 billion) assets on their hands, have announced record high investments of up to RON500 million in stocks this year. The reason for more

01.16.2015

Certinvest has taken over APF, which manages the Pensia Mea voluntary private pension fund, from insurer Metropolitan Life Romania. more

01.15.2015

Mutual funds ended 2014 with record net inflows of 4.3 billion lei (almost EUR1 billion), as bank deposit interests are not enough to cover the withdrawal fees after dropping to less than 3% per year. more

12.08.2014

Certinvest, the largest independent mutual fund manager in Romania, wants to buy AXA Asigurari, the local subsidiary of French giant AXA, according to market sources, after the deal for latter’s more

11.19.2014

Shareholders of Romanian investment fund Fondul Proprietatea (FP.RO) on Wednesday approved next year’s budget and the fifth share repurchase program, the company said in a statement. more

11.18.2014

Investment fund Catalyst Romania, administered by 3TS Capital, has bought little over 10% of Universal Online Promotion, the company that owns online retailer www.elefant.ro, said Mihai Sfintescu, more

11.17.2014

Finnish investment fund KJK Fund II SICAV-SIF bought raised its stake in Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) from 2.56% to 7.07% in a RON19 million (EUR4.3 million) deal more

11.13.2014

Romanian investment fund Fondul Proprietatea (FP.RO) sold a 23.6% stake in state-run oil transporter Conpet Ploiesti (COTE.RO) via an accelerated bookbuild, for 99.8 million lei (EUR22.5 million), more

11.12.2014

Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell a 23.6% stake in state-run oil transporter Conpet Ploiesti (COTE.RO) via an accelerated bookbuild, the fund said Wednesday. more

09.18.2014

Romania’s Financial Supervisory Authority has decided to increase, as of January 1, 2015, the contribution paid by insurance firms to the guarantee fund of insurers (FGA) because damage payments and more

09.15.2014

Romanian investment fund Fondul Proprietatea (FP.RO) reported a net profit of 1.01 billion lei (EUR226.6 million) in August, down by RON6 million from the previous month but almost double from more

08.14.2014

Romanian investment fund Fondul Proprietatea Thursday said its net profit fell 4.6% to 1.015 billion lei (EUR228.7 million) at the end of July, from a record high profit of RON1.06 billion in the more

07.22.2014

The managers of investment funds East Capital and BlackRock, which are among the biggest foreign investors in Romanian stocks, expect the Bucharest market to be among the those that will stand to gain more

07.15.2014

US hedge fund Elliott, run by Paul Singer, called the Wall Street vulture, has gained 1.2 billion lei (EUR270 million) on Proprietatea Fund stock in the past four years. more

07.09.2014

Romanian investment fund Fondul Proprietatea (FP.RO) has raised 212.7 million lei (EUR48.5 million) from selling its stake of 13.5% in state-run power grid operator Transelectrica (TEL.RO) via an more

07.09.2014

The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 17.5 billion lei (EUR4 billion) at the end of June, up 18.6% compared with December 2013, the more