Foreign investors bring €300 mln to Romanian stock exchange in H1

Tourism

Foreign investments in the Bucharest Stock Exchange (BVB) reached €297.05 million ($405.03 million) during the first six months of 2007, increasing by over 75% from 2006, local media reported on Monday.

Liquidity mainly grew against the background of Romania's EU entry, which improves the outlook of the Romanian market, the national Rompres news agency cited the local brokers as saying. Foreign investors' acquisitions last month reached a record €229.2 million ($312.5 million), mainly as a result of the Cadbury Schweppes Group's transaction worth €99.5 million ($135.6 million) to purchase Kandia Excelent sweets maker.

On the other hand, the non-residents' buying again exceeded the 50% ceiling. This ceiling was first exceeded in February. At the same time, the foreigners' net buying was higher than that in May, attaining €35.9 million ($48.9 million), up by 49%. In June, the foreign investors' acquisitions accounted for 54.9% of the total value.
The increasing liquidity already is a strong tendency and will continue in the year ahead, said Razvan Pasol, chairman of the Intercapital Invest brokerage firm. (people.com.cn)

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.