The net assets of the 247 open and closed funds, local and foreign, increased in October, compared to the previous month, by 1.1% to the level of 48.5 billion RON (9.7 billion euros), and since the beginning of the year they have increased by 22%, according to a press release from the Association of Fund Administrators..According to the quoted source, the net income of the month totaled 546 million lei (109.7 million euros).The 5 best performing funds in the last 12 months recorded net annual returns between 27.2% and 29.3%; over a 36-month horizon, the 5 best-performing funds had returns between 50.3% and 94.8%, obtained over the last 3 years (as of October 2021).The net assets of the 94 local open funds increased in October by 1.8%, up to 26.4 billion lei (5.3 billion euros) and since the beginning of the year they have increased by 29.6%.bonds and instruments with fixed income (+404.0 million RON), those gathered under the category "other funds" (+108.9 million RON) and diversified ones (+47.7 million RON), while equity funds had net outflows (-11.6 million RON).The net assets expressed in lei of the 117 foreign open funds distributed in Romania increased in October by 0.7% compared to the previous month, up to 2.1 billion RON (0.43 billion euros) and since the beginning of the year they have increased by 15.5%.The foreign open-ended funds distributed in Romania, having a weight of 7.4% in the total assets of the open-ended investment funds, recorded inflows of 17.8 million RON (3.6 million euros) in October.The net assets of the 36 alternative investment funds increased by 0.3% in October, up to 19.9 billion RON (4 billion euros) and since the beginning of the year they have increased by 13.8%; local alternative investment funds had net outflows of 21 million RON (4.2 million euros) in the reported month.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
