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.
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
Producer Ada Solomon has been elected chair of the board of the European Film Academy, marking the highest level of representation the Romanian film industry has achieved within the institution. Solomon was chosen by more than 5,400 Academy members across Europe, according to the official announcement. Dutch producer Leontine Petit and French producer Matthieu Darras […]
If December were a performance, Corinthia Grand Hotel du Boulevard would be its grand stage. This winter, Bucharest’s newest grand dame has reimagined the festive season not only as decoration, but as storytelling: one told through light, music, architecture and flavour. Inspired by Charles Dickens’ A Christmas Carol, the hotel’s concept unfolds in three chapters […]
The HALO Events Center in Bucharest is set to open the largest event space in Europe equipped with a 360° panoramic LED display within the Romexpo complex. The new location is designed for large-scale, fully digitalized events, and it is the result of an EUR 4 million investment. The venue has a maximum indoor capacity of […]
The concept of the mega-project DraculaLand, a privately funded development exceeding EUR 1 billion that aims to become the largest entertainment, retail, and technology destination in Europe, was recently unveiled. The investment is planned for a 160-hectare site not far from Bucharest and aims to position Romania as a new global hub for large-scale entertainment, […]
