Net assets of open local investment funds reached approximately 22.5 billion lei in October, dropping by 2 pct compared to the previous month, according to a report of the Financial Supervision Authority (ASF). (1 euro = 4.94 RON)At the end of October 2021, net assets related to all categories of open investment funds decreased from the previous month (-4%), while net assets of open shares and yield funds registered the highest growths, when comparing with the previous month, according to the data published by the Association of Fund Managers (AAF), cited in the ASF report.Thus, Open Bond Funds and Fixed Income Securities have the highest share in total net assets related to open-end investment funds (about 62 pct), and the category "other funds" holds a market share of about 19pct.
The Romanian Hydrogen and New Energy Technologies Hub, or Ro-HydroHub, a strategic project aimed at advancing hydrogen-based technologies, was officially launched on Thursday, March 13. The initiative, which is funded through the Smart Growth, Digitization, and Financial Instruments 2021-2027 Program (PoCIDIF), represents a nearly EUR 140 million investment and seeks to modernize Romania's energy sector […]
The town of Florești, near Cluj-Napoca, kicked off the construction of the "Historical Gallery of Transylvania" Museum Complex, the first museum built from scratch in Romania in the last 100 years. The investment amounts to RON 145.8 million (EUR 29.2 million). The museum, built on a surface of 15,583 square meters, is dedicated to all ethnic […]
US president Donald Trump told NATO secretary general Mark Rutte that he supported him in the race for the current position against former Romanian president Klaus Iohannis. However, Trump did not name Iohannis directly, despite him being Rutte's only competitor. During the recent discussions in the White House, Donald Trump emphasized that there was another candidate […]
Measles cases in the European Region have reached alarming levels in 2024, with Romania reporting the highest number. According to an analysis by the World Health Organization (WHO) and UNICEF, 127,350 measles cases have been reported across 53 countries in Europe and Central Asia, marking a doubling of...
Vladimir Tismăneanu, a well-known professor of political science and director of the Center for the Study of Post-Communist Societies at the University of Maryland, announced on Friday, March 15, that he has decided to renounce the title of Doctor Honoris Causa awarded by the National School of Political and Administrative Studies (SNSPA), after the university […]
A restaurant in the Brâncovenesc Salon of the Palace of Parliament was closed on Thursday, March 13, by inspectors from the National Authority for Consumer Protection (ANPC), announced the institution led by Cristian Popescu Piedone. Inspectors said they found products past their expiration date and irregularities regarding food storage, according to Hotnews.ro. ...
