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Monday, November 29, 2004

Foreign investments in Romania doubles in October

Foreign portfolio investments increased in October by ROL 1,401 bln., doubling the net purchases of foreign investors from the beginning of the year, according to data sent by the National Securities Commission (CNVM).

In October, non-residents purchased shares from Romanian companies summing up ROL 2,430 bln. and capitalized deeds of ROL 1,029 bln. In the first ten months, the difference between the value of the purchased deeds and that of the sold deeds of foreigners’ rose to ROL 2,968 bln., and the foreign investors’ share stocks summed up ROL 7,604 bln.

Purchases last month mainly consisted of financial mediator companies and hydrocarbon extraction and crude oil processing companies. In October the biggest part of the Petrom capital increase operation took place.

The data sent by CNVM show purchases made by foreign investors of ROL 475 bln. in the crude oil processing industry, and for the hydrocarbon extraction, the sums that entered the market, summed up ROL 581 bln.

Posted by Mihai : 11/29/2004 02:48:00 pm