Aripi, BCR Pensii, BRD Pensii and Metropolitan Life Pensii Private are the Pillar II private pension funds that sold about 3.4 million Banca Transilvania (TLV.RO) shares in May, as their investment in this issuer was close or above the 5% of the net asset value cap.
Aramis Invest, the largest local furniture producer, held by local entrepreneurs Vladimir Iacob and Marius Selescu, reported a net profit of RON74.6 million (EUR15 million) for 2023, up nearly 73% from a net gain of RON43.1 million (EUR8.7 million), according to calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
In 2021, European Union member states lost around EUR61 billion in uncollected VAT, of which over EUR8 billion in Romania alone, placing the country third among European states in terms of non-collection of VAT, i.e. the difference between forecasted and actual VAT revenues, according to a European Commission report.
Belgium’s Bekaert has signed an agreement to buy 100 GWh worth of wind power from Romania with electricity generation company Rezolv Energy, held by UK investment firm Actis.