Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of assets in mutual funds, from 5% at present, in line with a draft government emergency ordinance, which also stipulates taking into consideration life-cycle-type funds.
Eurowind Energy Romania, a major developer of clean energy projects operating on the local market since 2011, confirms the development of a wind power project in Botosani county, which aims for installed capacity of around 1,200 MW, thus positioning Romania as a potential renewable energy exporter in the region.
British manufacturer of laser detection and protection systems Sentinel Photonics is expanding on the East European defense and security market via an agreement with Romanian company StarC4SYS, designated as an official sales partner.