The number of investors in funds is approaching one million, a level that will most likely be reached by Easter, given that at the end of January there were already 913,000 investors, the executive director of the Association of Fund Administrators (AAF), Jan Pricop told a specialized event."The number of investors at the end of the year was 812,226. We also have data for the end of January. Together with the alternative investment funds segment, the total number of investors reached 913,000, so we are approaching one million easily, easily. We are very optimistic that we will reach one million investors as soon as possible and we hope to reach it by Easter", Jan Pricop told the event "Performance of investment funds at the end of 2024. Debate with investment fund administrators", organized by the Bucharest Stock Exchange (BVB) and the Association of Fund Administrators (AAF).According to him, the number of investors in the fourth quarter of 2024 was 812,226, up 37.8% compared to the same period of the previous year and 7.6% compared to the previous quarter.At the same time, in the last quarter of 2024, net assets of 24.44 billion RON were recorded, up 30% annually, and 2.4% compared to the previous quarter. Net inflows in the fourth quarter of 2024 were 783 million RON, up 7.4% compared to the same period of 2023, but down 39% compared to the previous quarter.
The United States has temporarily suspended the implementation of the Electronic System for Travel Authorization (ESTA) for Romanian citizens as it conducts a review of Romania’s recent designation into the Visa Waiver Program (VWP). The US Department of Homeland Security (DHS) announced that the review is aimed at ensuring compliance with the VWP’s security requirements. […]
A team of students from the Faculty of Economics and Business Administration (FSEGA) at Babeș-Bolyai University (UBB) in Cluj-Napoca won the gold medal at the 29th edition of the international economics case study competition titled ‘NIBS Worldwide Case Competition.’ The competition held in Nanchang, China, brought together 16 university teams from 13 countries, qualified through […]
Metrorex, the public authority managing Bucharest’s subway system, will install protective panels on platforms, starting with the Line 4 (Gara de Nord 2 - Gara Progresul) currently under construction, Profit.ro reported. The new stations will be equipped...
Romania has the lowest budget allocation for research among European Union (EU) member states, according to the latest infographic published by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. In 2023, Romania allocated just...
Pavel Popescu, the vice president of media regulator ANCOM, said in an interview with Politico published March 24 that Romania is fighting an information war with Russia to stop election meddling, and not censoring speech, as many US officials and figures like Elon Musk have said. The Politico article names Romania “ground zero in a […]
More than 2,300 military personnel from Romania and 11 allied nations, namely Albania, Bulgaria, Canada, France, Greece, Italy, the Netherlands, Spain, the United Kingdom, the United States, and Turkey, will take part in the multinational military exercise Sea Shield 25, set to take place from March 31 to April 11. Training sessions will be conducted […]
