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.
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Romania’s central bank BNR has sharply revised its inflation forecast for 2025, raising the year-end estimate from 4.6% to 8.8%, with the possibility of exceeding 9%, Biziday.ro reported. Governor Mugur Isărescu warned that inflation will peak in September, potentially reaching 9.6% or 9.7%, before gradually easing. The upward revision comes after the expiration of the […]
The international documentary film festival fARAD is returning to Arad, western Romania, this autumn for its 12th edition. Running from October 8 to 12, the event will feature five days of screenings and meetings with guests from Romania and abroad, according to the organizers. For the first time, the festival is introducing a national competition […]
More than 40,000 positions will be cut from local administration in Romania as part of a wider effort to reduce public expenses. In total, the expected annual financial impact amounts to RON 2.2 billion (EUR 434 million). The job cuts were announced by Romania’s minister of development, public works, and administration, Cseke Attila. Also cut […]
The residential market in Bucharest and the surrounding Ilfov county showed signs of cooling in the first half of 2025, with the number of transactions down 10% compared to the same period last year. Despite the decline in sales, prices continued to rise, driven by high inflation, anticipated tax changes, and limited supply, according to […]
Inflation jumped by 2.7% in a single month in Romania in July, compared to June 2025, to an annual rate of 7.8%. Although food prices did not increase significantly, the removal of the electricity price cap on July 1 led to an average 61% increase in electricity bills, according to a report from the National […]
