Franklin Templeton Investment Management Limited

Romania has a one-off chance to shine this year, despite an economic slowdown compared to the previous years, says Johan Meyer, CEO of Franklin Templeton Investment Management Limited UK Bucharest Branch and Fondul Proprietatea co-Portfolio Manager. "30 years after the fall of the communist regime, Romania seems well anchored to the European values and on a clear path of economic development.

The government should be genuinely concerned to develop the country's capital market, and the listing of state-owned companies such as Hidroelectrica and Bucharest Airports could significantly contribute to Romania's promotion to emerging market status, says Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager.

The Financial Supervisory Authority has approved the reduction of the subscribed social capital of the Proprietatea Fund from 11.575 billion lei to 10.965 billion lei, to distribute cash to the fund unit holders, the management company of the Fund announced on Friday in a report to the Bucharest Stock Exchange (BVB).

Photo credit: (c) Cristian NISTOR / AGERPRES ARCHIVE

AGERPRES correspondent Florin Barbuta reports: Trading in Proprietatea Fund global deposit receipts (GDR) began on Wednesday at the London Stock Exchange.

Photo credit: (c) London Stock Exchange official website