The Bucharest Stock Exchange Council decided in a meeting on Thursday to allow Proprietatea Fund shares to be listed on the market with the FP symbol, a press release of the market operator reads. read more...

The Stock Exchange started the year with rises for most shares in its first day. The BET index of the ten leading listed companies gained 1.86% and SIFs (financial investment companies) climbed 1.75%. read more...

The main trends on the 2011 capital market will be determined by the listing of Fondul Proprietatea (Property Fund - FP), which will increase visibility of the Bucharest Stock Exchange in the region and will force the main market participants (Stock Exchange, brokers, regulator, as well as investors) to modernise. read more...

The listing of investment fund Fondul Proprietatea will not be enough to restore the Bucharest stock market to levels seen in the summer of 2007, without other initial public offers of large companies that would attract foreign interest, and a return to growth of the Romanian economy. read more...

Transactions involving Fondul Proprietatea (Property Fund) shares, conducted via the Central Securities Depository, can be sealed until Wednesday December 22nd at the latest, when the Fund is officially placed under the authority of the National Securities Commission (CNVM) and becomes ruled by capital market legislation. read more...

Franklin Templeton manager plans to restructure the 3 billion-euro portfolio of Fondul Proprietatea (Property Fund) by selling its assets on the Stock Exchange or to strategic investors, which could leave the Fund with around 35 companies, half as many as it has now. The Fund currently has representatives in 20 of the companies in its portfolio, according to the fund's manager, Greg Konieczny. read more...

Raiffeisen Zentralbank Österreich (RZB) has lowered its 12 month target price for the shares of BRD-Groupe Societe Generale (BRD) from 17 lei to 15.4 lei and has maintained the "buy" recommendation for the shares, according to a report by Austrian group RZB. read more...

Two big Austrian fund managers call the shots on the mutual fund market, with competition between the two becoming increasingly tight, and Raiffeisen Asset Management managing to come very close to the undisputed leader of the last two years - Erste Asset Management, because it bet on investors' significant appetite for savings in euros. read more...

The forex market ran out of steam in autumn, and traded volumes dropped again to last year's level, when they had plummeted from 2008, after having seemed to pick up in spring. In November, a little more than 33bn euros were traded on the forex market, up 17% from the same month of last year. read more...

Greece's Piraeus Bank, the only domestic bank selling gold to retail clients, in the first week of December alone sold 10 kg of gold in gold bullion and 300 British gold pounds, quantities that used to be registered in one month. The total value of sales stands at almost half a million euros. read more...

In the beginning of this week, gold broke a new historic high, according to the quotation of the Romanian National Bank, of 147 lei for one gram, about 45% higher than the price it had in the beginning of the year. Thus, for the second year in a row, gold proved one of the strongest and safest investments available. read more...

The initial public offering of Hidraulica Plopeni (HPR) producer of hydraulic pumps was just 0.04% subscribed, the lowest level registered by an IPO launched on the Stock Exchange in the past 10 years. read more...

Adrian Tănase, who manages equity fund ING Romanian Equity - one of the biggest investors on the Bucharest Stock Exchange, is optimistic about the performance of the stock exchange in 2011 and expects more significant investments in Romanian equity when market liquidity will allow it. read more...