Fondul Proprietatea

The local capital market has evolved nicely both in terms of liquidity and of the value of the listed companies, president of the Bucharest Stock Exchange (BVB) Radu Hanga told a news conference today dedicated to the 10th anniversary of the listing of Fondul Proprietatea (FP).

The government should be genuinely concerned to develop the country's capital market, and the listing of state-owned companies such as Hidroelectrica and Bucharest Airports could significantly contribute to Romania's promotion to emerging market status, says Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager.

Investing in reactors 3 and 4 of the Cernavoda nuclear power plant are not financially justified, and the subject is politically extremely sensitive, Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager told a news conference on Wednesday. Investing in reactors 3 and 4 makes no sense financially whatsoever.

Businesses in the postal and courier sector exceeded the 4 billion lei threshold in 2018 due to the spectacular increase in product sales on the Internet, KeysFin specialists estimate in an analysis published on Monday.

Fondul Proprietatea, a closed-end fund managed by Franklin Templeton, is set to be listed on April 29 on the London Stock Exchange, LSE, in a move to attract new investors to Romania.

Fondul will pay some 4.2 million euro for its secondary listing on the Stoke Exchange, according to the listing prospectus.

Romania's Ministry of Communications on Tuesday said it had accepted the non-binding offer from the Belgian postal operator bpost for a majority stake in state-owned Posta Romania (Romanian Post).