SIFs
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SIFs mull early payment to CNVM
The support that SIFs (financial investment companies) are willing to offer the National Securities Commission (CNVM), through the early payment of fees, is likely to play a strategic role d...
CNVM is short on cash
The National Securities Commission, (CNVM), the supervision and regulating authority of the capital market in Romania, is seeking around 5.2 million RON (1.25 million euros), asking investme...
SIFs may not get dividends from BCR for 2009
BCR is one of the most valuable stakes of the SIFs, which got 60m-euro dividends in 2008 from it
Senators propose 5% stake cap in SIFs
The draft law on eliminating the maximum ownership threshold in SIFs (Financial Investment Companies) has suffered significant alterations in the Senate's budget-finance and legal commission...
Banks and SIFs drive the Stock Exchange down by 5%
The Bucharest Stock Exchange yesterday had one of its worst sessions since the beginning of the year, with a 5% fall of the BET index.
Equity funds see heavy losses
Equity funds lost up to 60% of their investors' money this year, after they bet on banks and financial investment companies (SIFs), whose shares were dealt a heavy blow by the crisis in the...
SIFs repurchase shares without shareholders' consent
Financial investment companies (SIFs) have bought significant amounts of their own shares, indirectly, through companies they control, even though their shareholders did not sanction the mov...
SIFs sit on 127m euros
The five financial investment companies (SIF) at the end of August held banking deposits worth 406m RON (127m euros), up 50% from the end of last year, according to the portfolio statement i...
Cocor: record profit from SIFs goes to giant screens and new car park
Cocor Bucuresti, owner of the store with the same name in central Bucharest, has posted a record income worth 6.61m euros (21.82m RON) in the second quarter of this year, and a turnover wort...