NEWS

19Jun

Global Innovation Index: Romania climbs 6 places

Romania ranks high and is up compared to last year in a recent innovation index, but it still lags behind its neighbors.

15May

Publication of quarterly report 1Q2017

Carpathia Capital S.A. have today published the quarterly report 1Q2017.

28Apr

Publication of Annual Report 2016

Carpathia Capital S.A. have today published the Annual Report 2016.

AERO MARKET

The equities market segment of the Bucharest Stock Exchange Alternative Trading System

BVB MARKET

Main Market of Bucharest Stock Exchange

WSE MARKET

Main Market of Warsaw Stock Exchange

NEWCONNECT MARKET

Alternative Market operated by the WSE outside the regulated market as an alternative trading system

CARPATHIA CAPITAL IN NUMBERS

portfolio companies

financial assets

our funds

equity

WHY ROMANIA?

DYNAMIC DEVELOPMENTS

7th LARGEST COUNTRY IN TERMS OF POPULATION IN THE EUROPEAN UNION.

The membership in the EU contributes to the gradual release of the enormous potential of Romania, both in terms of production and consumption. The most important branches of the Romanian economy are mining, metallurgy and engineering. The package of the International Monetary Fund (paid since March 2009) helped restore investor confidence and stabilize the Romanian currency. In the 2nd quarter of 2016, the Romanian economy was the fastest growing economy in the Europe (5,9% y / y).

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GROWTH PROSPECTS

ACCESSION TO THE EU INFLUENCED POSITIVELY THE POTENTIAL AND STABILITY OF THE ROMANIAN ECONOMY.

Foreign investors quickly noticed new investment opportunities reflected by the inflow of capital. New investments with the increase in consumption is a major driver of the economic recovery of the country. The culture of doing business in Romania is at high level. The development of entrepreneurship in Romania is supported by the development of business infrastructure: construction of industrial parks and business incubators, reduce bureaucracy, better informing the public about the support programs of private initiatives and publicizing business success of Romanian entrepreneurs.

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MACROECONOMIC ENVIRONMENT

3,8% REAL GDP GROWTH – THE HIGHEST RESULT AMONG EU28 COUNTIRES.

The macroeconomic situation of Romania is one of the strongest in the EU in terms of real GDP growth, budget deficit and public debt, inflationary pressures and the current account balance. With the passage of time, we can expect further strengthening of the Romanian economy, which will result in a strong recovery in domestic demand, especially in the private sector and the closure of the output gap in the 2nd half of 2016 year.

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PORTFIOLIO

COMPLETE GROUP

CARPATHIA CAPITAL IS A PART OF INC GROUP – COMPLETE GROUP ON THE CAPITAL MARKET

INC is a dynamically developing Polish capital group operating in the area of investment and advisory services in the Polish capital market. For over 20 years the Company supports the development of small and medium-sized enterprises, as well as local government units. Since 2006 INC is listed on the Warsaw Stock Exchange. We are consistently maintaining our unquestionable position among the top NewConnect Authorized Advisers in Poland. We took the first place in Forbes’s ranking in 2011 and remained in the very top in consecutive years. Furthermore, we took the first place in Home&Market magazin’s ranking of the Authorized Advisors in 2010 and came up second in 2012.

Carpathia Capital SA is the first Polish company listed on AeRO – the Stock Exchange in Bucharest. The company operates as a fund VK / PE for the SME sector in Poland and Romania.

In 2015 INC SA finalized the acquisition of Brokerage house. INC SA Brokerage house (formerly PricewaterhouseCoopers Securities SA) has KNF license to conduct brokerage activities in the field of offering financial instruments.

INC Rating Ltd. was founded in 2014. INC Rating is Polish rating agency specializing in the evaluation of creditworthiness of local governments at all levels. INC Rating has ESMA license – European Supervisory Authority Securities and Markets Authority.

INC East & West is a non-profit company that embodies the idea of corporate social responsibility. The company’s mission is strengthening of ties with Poles Abroad.

Foundation for the Development of Capital Market is a response to the needs of development and education in the field of capital market in Poland and in the world. Educational activities, supporting innovative projects, support for outstanding students, raise awareness of the capital market are the main goals set by the Foundation

INC - 100%

CARPATHIA CAPITAL - 42%

INC BROKERAGE HOUSE - 95%

INC RATING - 51%

INC SAB - 100%

INC EAST&WEST - 100%

FOUNDATION RRK - 100%

INCUBATOR OF SCIENCE AND TECHNOLOGY - 48%