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.
Romania’s national railway operator, CFR Călători, will introduce its new 2025–2026 timetable on December 14, adding direct Budapest–Bucharest services and restoring the Vienna Westbahnhof connection as part of a broader update to international and domestic rail operations. The new schedule, valid until December 12, 2026, includes more than 1,150 daily trains. ...
The average price per square meter requested by real estate developers and owners for residential units in Romania increased by 15% in 2025, with the highest rise seen in Craiova, according to a survey conducted by Imobiliare.ro, as reported by Profit.ro. ...
Authorities in Prahova County announced on Monday the full resumption of water supply in all 13 towns and communes that had been left without drinking water for more than a week due to problems at the Paltinu Dam, Bursa.ro reported. Residents, however, have been warned that the water is not yet safe for consumption...
Chances are slim for the Social Democratic Party (PSD) to pull out of the ruling coalition this year, maybe only if something extraordinary happens, according to a leading member of the party consulted by Hotnews.ro. The party is again exploring options after its...
The Romanian Senate on December 8 overwhelmingly rejected the president's objections to the bill on combating extremism, also known as the Vexler law. There were 75 votes for maintaining the amendments referred by president Nicusor Dan to the Constitutional Court in a first step and then returned to lawmakers for a second review,
In the first 11 months of 2025, Romania produced 2.5% fewer automobiles compared to the same period last year, Ziarul Financiar reported. The country's automobile production totaled 505,859 units during the period. Out of this, 275,527 units were produced by Dacia and 230,332 by Ford Otosan. In...
