The net assets of the 247 local and foreign open-end and closed-end funds decreased by 1.5% in November to RON 47.7bn (€9.6bn) compared to the previous month, and have increased by 20.1% since the beginning of the year, according to a statement by the Association of Fund Managers. According to the quoted source, the net inflows of the month were 193 million lei (38.7 million euro).The 5 best-performing funds over the past 12 months have net annual returns of between 20% and 40.5%; over a 36-month horizon, the 5 best-performing funds have returns of between 47.1% and 104.4%, achieved over the past 3 years (as of November 2021). The net assets of the 94 open-end funds dropped in November by 0.4% down to 26.3 billion lei (5.3 billion euro) and since the beginning of the year they grew by 29.1%.The local open-end funds recorded in November net inflows of 170 million lei (34.2 million euro) bond and fixed-income funds(+ RON +163.8 million) diversified funds (+ RON +19.4 million) and funds grouped under "other funds" (+ RON +14.1 million), while equity funds (- RON -26.5 million) and absolute return funds (- RON -0.6 million) had net outflows. The RON-denominated net assets of the 117 foreign open-end funds distributed in Romania increased in November by 4.9% compared to the previous month, totalling RON 2.2 billion (EUR 0.45 billion), and they have grown by 21.1% since the beginning of the year. Net assets of the 36 alternative investment funds decreased by 3.7% in November to RON 19.2 billion (EUR 3.9 billion) and have increased by 9.5% since the beginning of the year; local alternative investment funds had net outflows of RON 1.4 million (EUR 0.3 million) in the reported month.
General mayor Nicușor Dan announced the public consultation of a draft decision approving the Bucharest Velo Master Plan, a strategic document aimed at developing the cycling infrastructure network over the next decade. The plan envisions a major network of 150 km of bike lanes and a secondary network of 415 km by 2035. The document […]
Lion’s Head Investments has entered the Romanian logistics market with the acquisition of a 155,000 sqm land plot in Popești-Leordeni, near Bucharest. The company, a joint venture between AG Capital and Old Mutual Property, plans to develop an 85,000 sqm logistics park on the site, with construction set to begin in the first half of […]
The Romanian tourist sector saw an increase in arrivals in 2024, with a total of 14.26 million people registered in accommodation structures, including apartments and rental rooms. This represents a 4.5% increase compared to 2023, according to data released by the National Institute of Statistics (INS) on Wednesday, February 5. Most of the arrivals, namely […]
The budget execution for foreign trips in 2024 amounted to over RON 28.49 million (some EUR 5.7 million), while the allocation for 2025 is set at RON 17.27 million (EUR 3.4 million), according to an announcement made by the Presidential Administration during parliamentary debates on the 2025 state budget proposal. Regarding the classified status of […]
When investors analyze opportunities in the real estate sector, it is essential to carefully assess the risks to avoid complicated situations in the long term. Recent issues in real estate have demonstrated how important it is to avoid legal, financial, and operational pitfalls that can turn an apparently safe investment into a major challenge. In […]
The public pension budget in Romania will increase by 10.7% y/y to RON 150.8 billion (EUR 30 billion) in 2025, accounting for 7.9% of the projected GDP, according to the budget planning quoted by the National House of Public Pensions (CNPP), Daniel Baciu, during the debates on the social insurance budget draft in the joint […]
