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.
Soprano Angela Gheorghiu, one of the brightest stars of the international opera scene, is celebrating 35 years of excellence in music with a grand anniversary concert on September 7 at Arenele Romane in Bucharest. Tickets have been put up for sale online. The concert will feature an exceptional lineup of performers, including tenor Jonathan Tetelman, […]
Despite a climate of economic and political uncertainty, Romania's land market remained stable in 2024, with transaction volumes reaching nearly EUR 450 million, a figure close to 2023's total. Colliers' annual report reveals that Bucharest and its metropolitan area continued to dominate, accounting for 80% of total transactions, while residential projects made up 70% of […]
February has been an active month for Romania's fiscal and economic landscape, with significant announcements and regulatory updates that businesses, particularly those in public affairs and legal departments, should closely follow. IMF and World Bank: Stability, Not Austerity Finance Minister Tánczos Barna provided reassuring news following meetings with IMF and World Bank representatives. Contrary to […]
Rural buyers fuel growth through progressive adoption Over 60% of customers have more than 5 years of experience in online shopping Beauty, Fashion, Footwear, Pharma, and Electronics are the most popular categories €857 is the average annual spending of an online customer MerchantPro launches...
The 20th edition of the Bucharest Pride march is scheduled for June 7, organizer Accept announced. The march, where organizers expect some 30,000 participants, is part of a series of events taking place throughout June, including debates, exhibitions, film screenings, parties, and workshops. The march will follow its established route: Calea Victoriei – Parcul Izvor, […]
For the first time, the Randstad Romania Workmonitor research showed that Romanian employees now prioritize job security (88%) and work-life balance (86%) over salary (84%), slightly exceeding the global average. The 2025 report highlights a shifting workplace landscape where employees value personalization, community, and future-ready skills, and employers must adapt to meet these evolving expectations. […]
