The foreigners’ interest for the Romanian money market is on the rise
Date: 18-03-2010
Since the beginning of March 20 international investment companies were authorized to activate on the Romanian money market by the National Commission for Assets (CNVM), according to the bulletins of the market arbitrary. Most of them, 15 in fact, come from the UK while the rest from countries such as Cyprus, Luxembourg, the Netherlands and Norway. At the same time, CNVM withdrew the operating agreements for the territory of Romania of three such investments companies: Capital Trust Financial Management, Morgans Independent Advisers and Wells Fargo Securities Limited.
According to the statistics of the money market in 2009, Cyprus made the best acquisitions of shares, 52.05 million euros, being followed by the United States ( 47.7 million euro) and Luxembourg ( 45.93 million euro). Cyprus was the first country and depending on the share sales during last year, with 42.3 million euor, being followed by Luxembourg ( 34.46 million euro) and the UK ( 37.57 million euro).
In February, foreign investors made net acquisitions on the Stock Exchange of Bucharest, the trades being worth 35.2 million euro.
