The net assets of the 227 open and close funds, local and foreign dropped in July by 0.4% down to the level of 50.2 billion lei (10.2 billion euro) and since the beginning of the year they have increased by 12.9% informed the Association of the Managers of Funds (AAF). The most performing five funds over the last twelve months registered net annual yields 40% and 58% : on a horizon of 36 months, the most performing five funds had yields between 50.2% and 65.4% obtained over the last three years (against July 2018). The net assets of the 84 local open funds have increased in July by 1.3% up to 25.3 billion lei (5.15 billion euro) and since the beginning of the year they have increased by 14.2%. The open local funds have registered in July net inflows of 327.3 million lei (66.5 million euro), being aimed at diversified funds (96.1 million lei), those reunited under the category ‘other funds’ (92 million lei), the shares ones (83.4 million lei), the ones with bonds and fixed revenue instruments (50.6 million lei) and those with absolute yield (5.2 million lei). The net assets expressed in lei of the 111 foreign open funds distributed in Romania have increased in July by 7.3% against the previous month, up to 1.6 billion lei (0.32billion euro) and since the beginning of the year they have increased by 59.8%. The net assets of the 32 closed funds (including SIF and FP) dropped by 2.6% in July down to 23.3 billion lei (4.7 billion euro) and increased by 9.4% since the beginning of the year: the local closed funds had inflows of 7 million lei (1.4 million euro) in the reported month.
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
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 […]
