The mandatory private pension fund (Pillar II) managed by BCR Pensii, part of the Austrian Erste Bank Group, reported it placed RON 4.3 mln in assets from the category of private equity - the first investment of this type for a Pillar 2 fund since they were launched in May 2008. "We are talking about investments in two private equity funds, CEECAT Capital II and Black Peak Capital, which we financed together with multilateral financial institutions, such as EIF, EBRD or IFC. [Our] investments in the two funds will continue," Radu Craciun, general manager of BCR Pensii, told Profit.ro. Speaking about further such placements, Craciun said that he was looking forward to seeing first the new form of the norm that regulates the investments of pension funds, which is underway at the Financial Supervision Authority (ASF). In June 2021, Black Peak Capital closed the first round of capitalization, raising EUR 68.5 mln for its investment fund Black Peak Southeast Europe Growth Equity Fund - compared to a final target of EUR 120 mln. In the spring of last year, CEECAT Capital Fund II raised EUR 120 mln for investments in small and medium-sized companies in Central and Eastern Europe and Turkey, in the first round of financing that had as investors institutions such as the EBRD, the European Fund Investment Funds (EIF), but also pension funds. The fund wants to invest in SMEs in Romania, Bulgaria, Slovenia, Croatia and Serbia.
Voxxed Days Bucharest 2025, an event dedicated to IT professionals and software developers, will take place on March 26-27, 2025, at Crowne Plaza Hotel Bucharest. This year, the conference reaches the next level by emphasizing the development of intrapreneurial skills among software developers - an essential step in shifting from an outsourcing-based...
Exim Banca Romaneasca continues to expand its portfolio of digital services and now offers individual customers the possibility to update their personal data entirely electronically via internet/mobile banking. This convenient and accessible method allows for periodic data updates anytime and from anywhere, without the need to visit a branch. To update their data via internet/mobile […]
Iulia Boldor, better known as Yushia, is a women’s trailblazer in the traditionally male esports world. The rising industry has found room for female representation in recent years, and the 22-year-old Romanian is at the forefront of its most popular gaming competitions, the League of Legends professional tournaments, as part of the French esports organization […]
The renowned therapist will be in Romania for the first time as part of DiFine Your Essence, a series of events combining personal, professional, and spiritual development Lin Holmquist, one of Europe’s most respected Tantra and personal transformation facilitators, will be in Romania for the first time from June 27-29 as part of EnlightX, the […]
Holcim Romania has invested over EUR 700,000 in its Stăncești aggregate plant in Prahova county, with more than EUR 450,000 dedicated to a state-of-the-art water recycling and purification system. This investment significantly reduces the plant’s water consumption by approximately 80%, the company said. “This investment is a clear demonstration of our commitment to improving operations […]
Romanian far-right leaders George Simion (AUR) and Anamaria Gavrilă (POT) have announced their candidacies for Romania’s 2025 presidential election following the invalidation of Călin Georgescu’s bid. The two politicians stated that only one of them would remain in the race after their candidacies are officially validated. Simion, the leader...
