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.
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
Two Romanians were injured in an armed incident in Taksim Square in Istanbul on Sunday, November 9. The two were part of a group participating in a cultural event, according to foreign minister Oana Ţoiu. “Last night, in Taksim Square in Istanbul, an armed attack with a pistol also injured two Romanian citizens visiting Turkey. The […]
