Overall costs rose 18% to RON80.3 million, due to higher expenses with investments, the fund said in its financial report.

SIF Moldova posted a net profit of RON83 million in the first six months of 2013, down 35% year-on-year. The figure is unchanged from a monthly report published in July.

End-June, the fund posted net assets of RON1.067 billion, down 5.1% on the year.

At around 15:40 pm, SIF Moldova’s shares were trading up 0.26% at RON1.173 in Bucharest, amid a rising market. (EUR1=RON4.4359)