FUNDS
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Ciolos: Romania Might Lose EUR100M For Project For Internet In Rural Areas
European Commissioner Dacian Ciolos warned that Romania might miss out on more than EUR100 million allotted for projects to enable Internet access in rural areas in 2007-2013, since the auth...
Investors In Mutual Funds: Euro Millionaires, Small Entrepreneurs And Tennis Players
Erste Asset Management, the largest mutual fund manager in Romania, handles 2.8 billion lei (EUR0.64 billion) from over 100,000 customers that include millionaires in euros, entrepreneurs an...
Value Of Projects Submitted By Young Farmers Exceeds Program Budget
Romanian young farmers submitted over 3,800 projects between November 28, 2011 and January 13, 2012 to access non-reimbursable financing through the Agency for Rural Development and Fishing...
Share Funds Bounce Back
Share investment funds generated yields of up to 8.3% at the beginning of this year, helped by the increases registered by the stock market, after having been the laggards of the fund market...
Development Ministry To Borrow RON650M From Treasury For EU-Funded Projects
The Romanian Government allowed the Regional Development Ministry to borrow 650 million lei (EUR149.6 million) from state funds obtained from privatization and deposited in the Treasury, to...
Investors Placed Half As Much Money In Mutual Funds In 2011
Investors placed 993 million lei (EUR229 million) in mutual funds last year, with the bulk of the amount being placed in money market funds and in bond funds, which invest in government bond...
Private Pension Fund Administrators May Invest In Private Equity Funds
Romanian private pension fund administrators may invest in private equity funds, commodity funds or in infrastructure, according to a norm approved Thursday by private pension system regulat...
Local Authorities Must Allot Funds To Child Protection - Bill
Romanian local authorities must ensure financing for child protection to ensure the system’s functioning, according to a bill put up for public debate.
Obligation To Submit Quarterly Fiscal Statements Stifle Stock Exchange And Mutual Funds
Over 200,000 Romanians who invest in mutual funds or on the stock exchange have to go five times a year to fiscal agencies to submit income statements for amounts often of no more than 10 le...