FUNDS
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Most Profitable Mutual Funds In H1
OTP Obligatiuni (former Balansis) sold all the shares in its portfolio before the bourse started seeing corrections and became the best-performing mutual fund with a 10.8% return in the firs...
Romania To Begin EUR84M Broadband Internet Access Project In November
Romania's Communications Ministry will sign the contract to provide broadband Internet access in areas currently not covered by operators in November and the project, costing EUR84 million,...
EU Welcomes Any Initiative To Improve Romania's Regional Fund Absorption
The European Commission said Tuesday that any initiative to improve Romania's absorption of regional funds is welcome.
Mandatory Private Pension Funds' Deposits Climb To EUR86M In May
Bank deposits of mandatory private pension funds (Pillar II) went up 61% in the last two months, to 367 million lei (EUR86 million) at the end of May, with fund managers preferring to place...
European Commission To Decide Whether To Suspend Funding For Romania
The results of several audit missions of the European Commission (EC) on how EU non-repayable funds are used in Romania are now under review in Brussels. The partial or total suspension of f...
Water Management Authority To Spend EUR40M On New Flood Hazard Maps
Romania's National Water Administration (ANAR) has accessed more than EUR40 million through 10 financing contracts for projects run on ten basins, as part of the "Plan for flood prevention,...
Romania To Introduce Ethical Codes In Pension Fund Management
Romania's Government will issue "ethical codes" applying to private pension fund management, in an effort to improve public confidence in fund administrators and ensure that contributors' mo...
Hundreds Of Romanians Are Shareholders Of BMW, Mercedes, Orange, Louis Vuitton Without Knowing It
Eight out of the nine privately-managed mandatory pension funds (2nd pillar) have for the first time since their launch published a detailed structure of their investments.
Dacia Asked For RON42M In State Aid In 2010 To Build New Logan Model
Romanian carmaker Automobile Dacia asked for 42.4 million lei (EUR10.5 million) in state aid last year to develop the X 52 project concerning a new Logan model to be launched in 2012.