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.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
