The investment fund industry has 100,000 new investors in September 2021 compared to September 2020 and 52.9 billion lei under management, representing 4.6% of Romania's GDP, the president of the Association of Fund Administrators (AAF) , Horia Gusta. “We have 52.9 billion lei under management, in industry at the end of September. We have 100,000 investors more in September 2021 compared to September 2020. What we like more is that industry grew last year by 24% and investors in share funds grew by 100%. While last year we had 16,337 investors in share funds, today we have 33,111, which probably shows that these figures are determined by the stock market evolution in general and the evolution of stock issuers in particular. There are more factors which showed these increases: the very good fund profitability,”Horia Gusta said at the conference devoted to the stock market I Romania and organized by Oxygen Events. Gusta added that in Romania, industry could represent at least 10% of GDP in the near future if the growth rate is maintained. “From data we have the share of stock in industry management is 4.6% of GDP. Unfortunately, if we look at Europe we are one but last, before Bulgaria. In Croatia, the asset management industry represents 7% of GPD, in Czech Republic it is 7.9% of GDP, in Hungary it is 15%, France 95% and German 81%. It depends on us how we succeed to explain to the people what these investment funds do, how easily they are accessed,” Horia Gusta said.
Romanian singer Alexandra Ușurelu will perform a Christmas Charity Concert on Thursday, December 18, at the Ibis Bucharest Politehnica Hotel. The event will raise funds to support the education of 100 children with severe illnesses through the Păsări Association. According to the organizers, each ticket purchased will contribute directly to this cause. Alexandra Ușurelu, known […]
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
