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.
Over 2 million applications have been registered on eJobs.ro since the start of 2025 for the almost 50,000 jobs posted on the platform, resulting in an average of 45.4 applications/job, up 15% from the same period of 2024, reveals an eJobs analysis.
ROCA Industry, Romania’s first industrial holding, specialized in building materials, plans to add new companies to the group, namely 8-10 medium-sized building materials ones, to aid Romania industrialization.
Kifra, a linen, home and car perfume producer of Oradea, has come to send its fragrances across Europe.
US-held Ingredion will buy 49% in AGFD Tandarei (Ialomita County, southern Romania) from Agrana Stärke, a subsidiary of Austria’s Agrana Group. The deal is subject to approval by competition authorities.
Entrepreneurial company Aquila (AQ.RO), one of the largest actors in the fast-moving consumer goods distribution business in Romania and in the region, notified the Bucharest Stock Exchange of having completed the acquisition of Kitax Kft in Hungary.