The net assets of the 247 open and closed funds, local and foreign, increased in October, compared to the previous month, by 1.1% to the level of 48.5 billion RON (9.7 billion euros), and since the beginning of the year they have increased by 22%, according to a press release from the Association of Fund Administrators..According to the quoted source, the net income of the month totaled 546 million lei (109.7 million euros).The 5 best performing funds in the last 12 months recorded net annual returns between 27.2% and 29.3%; over a 36-month horizon, the 5 best-performing funds had returns between 50.3% and 94.8%, obtained over the last 3 years (as of October 2021).The net assets of the 94 local open funds increased in October by 1.8%, up to 26.4 billion lei (5.3 billion euros) and since the beginning of the year they have increased by 29.6%.bonds and instruments with fixed income (+404.0 million RON), those gathered under the category "other funds" (+108.9 million RON) and diversified ones (+47.7 million RON), while equity funds had net outflows (-11.6 million RON).The net assets expressed in lei of the 117 foreign open funds distributed in Romania increased in October by 0.7% compared to the previous month, up to 2.1 billion RON (0.43 billion euros) and since the beginning of the year they have increased by 15.5%.The foreign open-ended funds distributed in Romania, having a weight of 7.4% in the total assets of the open-ended investment funds, recorded inflows of 17.8 million RON (3.6 million euros) in October.The net assets of the 36 alternative investment funds increased by 0.3% in October, up to 19.9 billion RON (4 billion euros) and since the beginning of the year they have increased by 13.8%; local alternative investment funds had net outflows of 21 million RON (4.2 million euros) in the reported month.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
