Voluntary private pension funds in Romania (Pillar III) exceeded the threshold of EUR5 billion in net assets managed in March 2024, up 3.1% compared to February 2024, in line with calculations by Ziarul Financiar (ZF) based on data on the platform DesprePensiiPrivate.ro.
UniCredit Group, which holds the seventh largest bank in Romania by assets, ended the first quarter of 2024 with net profit of EUR2.6 billion, up 24% year-over-year, and revenue of EUR6.3 billion, up 7% year-over-year, as per data provided by UniCredit representatives.
Romania's Competition Council approved the transaction through which Intesa Sanpaolo Bank intends to take over First Bank Romania, which is held by US private investment firm J.C. Flowers.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 8% in March 2024 compared to March 2023, with the energy sector seeing the biggest price decline, of 22.5%, data from Romania’s National Statistics Institute INS showed on Tuesday (May 7, 2024).
From May 8 until May 15 investors on the Bucharest Stock Exchange can subscribe for shares in the listing offering of Premier Energy (PE.RO), the company that bought CEZ Vanzare in Romania.
AAylex ONE of Buzau, the company behind the Cocorico poultry brand, posted RON43 million net loss in 2023, 60% lower than in 2022, Finance Ministry data show.