Overall costs rose 11% to RON117.1 million, the fund said in its financial report.

SIF Moldova posted a net profit of RON137.1 million in 2012, down 29% year-on-year. The figure is unchanged from a monthly report published in January.

End-December, the fund posted net assets of RON1.09 billion, little changed on the year.

SIF Moldova’s shares closed up 1.11% at RON1.457 in Bucharest, amid a rising market. (EUR1=RON4.3885)