The seven Pillar II private pension funds in Romania, in which 8.2 million Romanian employees contribute with part of their monthly gross income for private retirement savings, have reached record high assets worth EUR30 billion (RON150 billion), announced the Romanian association for private pensions APAPR.
Brick manufacturer Cemacon on Monday, October 7, announced the decision of the Financial Supervisory Authority (ASF) regarding the withdrawal of the company’s shares from trading on the main market of the Bucharest Stock Exchange.
Deloitte Romania assisted Romanian entrepreneurial group Alfa Group in taking over the largest part of IRIDE Park project, located in northern Bucharest, together with another two nearby buildings from Czechia’s CPI Property Group.
The Turda plant has been authorized, the first testing lots have been manufactured and the production unit will most likely operate at full capacity at the end of October, Mihai Fugarevici, general manager of Stada Romania, told ZF.
TeraPlast group will use the money raised from the share capital raise to fund its development plans and support current activity, maintains Alexandra Sica, IR & sustainability manager at TeraPlast.