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.
Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. With nearly 20 years of experience in the real estate sector, Mihaela brings robust expertise in property management and leasing, operational […]
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
