FUNDS
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Romanian Open-End Fund Assets Up 1.1% To RON8.57B In October
The net assets of Romanian open-end investment funds rose 1.1% in October to 8.57 billion lei (EUR1.89 billion), the Romanian Association of Asset Managers said Friday.
40% Of EUR786M Drawn By Romania Through EU's Regional Operational Program Subject To Corrections
Romania absorbed EUR786 million via the Regional Operational Program (ROP), which registers the highest fund absorption rate, of over 21%, Development Ministry state secretary Marcel Bolos s...
Oltchim Funds Production Restart With Advances From Clients
Production at Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) was restarted with money paid in advance by the company’s clients, Rodin Traicu, secretary of state with the...
EC Officials To Soon Visit Romania For Talks On Pre-Suspended EU-Funded Programs
European Commission representatives will visit Romania in November for talks on pre-suspended EU-funded programs and to analyze the way the Government applied the measures recommended by EU...
SIF Transilvania Becomes Top Performer Among Regional Investment Funds
The shares of regional investment fund SIF Transilvania (SIF3.RO) have performed better than the other four SIFs, both in terms of growth and traded value.
SIFs Multiplied Investors’ Money Up To 90-Fold Since Their Listing
Someone who had invested the equivalent of a Dacia car (5,600 lei) in SIF Moldova (SIF2.RO) shares when the company was listed on the stock exchange on November 1 1999, would have made RON50...
Barroso: Unless Urgent Action Is Taken, Absorption Of EU Funds Will Be Seriously Compromised
The main leaders of the European Union, with German chancellor Angela Merkel and president of the European Commission Manuel Durao Barroso as leading figures, were in Bucharest for a few hou...
Government Finds Solution To Transfer Money To Oltchim, Avoid Fund Blocking - Sources
Romania’s Government is considering setting up a firm to transfer money to chemical plant Oltchim Ramnicu Valcea (OLT.RO) to pay overdue wages and restart activity, people close to the matte...
EU Will Cut Funds Allotted To Four Romanian Operational Programs
The European Commission will make financial corrections and reduce the funds allotted to Romania for regional development, environment, transport and competitiveness projects, after it ident...