“The Financial Supervisory Authority (ASF) plans to revise the investment policy of pension funds, in order to create the framework for directing more important parts of the portfolios to direct investments in the economy (in the sense of raising the proportion of financial instruments, such as listed shares and corporate bonds),” the institution announced. According to ASF, private pension funds have investments of RON 2.73 bn in companies listed at the Bucharest Stock Exchange (including financial-banking companies). “Private pension funds have participations in all the companies that made the object of primary public offers conducted by the Romanian state (Nuclearelectrica, Romgaz, Electrica), entering the top of shareholders in them,” reads a communique. Direct investments in the economy achieved through listings exceed RON 675 M and accounted for 19.47 pc of the internal demand of emissions of shares and bonds made by the state companies which wanted to attract capital for development. On June 30, private pension funds had investments worth RON 975 M in companies of national importance (Romgaz, Electrica, Transgaz, Transelectrica, Nuclearelectrica, Antibiotice, Oil Terminal), while the participations in companies listed on BVB amounted to RON 1.37 bn (financial banking companies excluded).
Alina Gorghiu wins the race for the old PNL leadership: she will co-chair the new PNL with Vasile Blaga
PNL’s BPN has started with party’s leadership at stake: Gorghiu came to win a vote, Orban more committed than ever to run
Last European Council meeting for Traian Basescu: Romania’s incumbent President bids farewell from the European leaders
Ponta: Romania could negotiate a new agreement with the IMF after the current stand-by agreement expires in 2015
Surprise in the games for the PNL’s leadership: Iohannis backs Alina Gorghiu, Atanasiu withdraws from the race
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