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SIF Banat-Crisana’s January Profit Of RON48M Makes Up Nearly 60% Of 2013 Profit
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) registered profit of nearly RON48 million in January, which accounts for 60% of the fund’s profit of RON80.2 million for the who...
Romania Open-end Fund Assets Rise To RON13.6B In January
The combined net assets of Romanian open-end investment funds rose 4.4% to 13.55 billion lei (EUR3.02 billion) in January, from around RON13 billion a month earlier, data from the local Asso...
Cargill To Sell Off Land And Buildings Of Former Oil Factory In Romania
Cargill Oils, part of U.S. Cargill group, will put up for sale the land and constructions that housed its vegetable oil factory in Podari, in the southern Romanian county of Dolj.
Oltchim Extends Deadline To Sell Its Assets To March 28
Romanian insolvent chemical company Oltchim SA (OLT.RO) has extended by two months until March 28 the deadline by which potential buyers can file bids to purchase the company’s assets.
Romania Open-end Fund Assets Up 48% To Record High RON13B In 2013
The combined net assets of the 64 Romanian open-end investment funds rose in 2013 by 47.4%, to an all-time high of around 13 billion lei (EUR2.9 billion), compared with RON8.81 billion a yea...
Voluntary Pension Funds Posted Average Yield Of 11.33% In 2013
The average yield of Romania’s voluntary private pension funds (Pillar III) reached a three-year high of 11.33% in 2013, and their total net assets stood at 811 million lei (EUR184 million)...
Oltchim Looking To Sell All Of Its Assets In February
Romanian insolvent chemical company Oltchim SA (OLT.RO) plans to sell its shares in special purpose vehicle Oltchim SPV, which controls the assets of the chemical company.
Net Subscriptions Of Romanian Open-End Funds Hit Record High Of EUR175M In November
The net subscriptions of Romanian open-end investment funds hit a record high of 777.8 million lei (EUR174.9 million) in November, and local bond funds attracted 72% of the entire sum.
Mandatory Pension Funds’ Net Assets Seen At EUR4.2B End-2014
Romania’s mandatory (Pillar II) private pension funds will cash contributions of EUR870 million in 2014 and reach net assets of EUR4.2 billion at the end of next year, from EUR2.96 billion o...