Poland’s Pioneer Pekao TFI started investing in Romania

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Romanian capital market draws new investors in the region. Pioneer Pekao TFI, one of the largest investment managers from Poland started investing in the Romanian financial assets, Bucharest Stock Exchange (BVB) announces in a press release on Wednesday. The new investment funds of Pioneer Pekao TFI have also completed a direct fiscal registration with the Romanian authorities.

“We are proud and satisfied that one of the largest institutional investors from Poland is now investing in Romania. The country is becoming increasingly attractive to regional and global players. All our efforts undertaken in the past have been noticed by the foreign community, and will be followed even closer now when Romania is included on the FTSE Russell Watch list for a potential upgrade to the Emerging Markets“, Ludwik Sobolewski, CEO of BVB said.

In May 2016, Berenberg announced that the dividend yields of companies listed on the BVB have been the highest in the world among market venues. The respective figures of the dividend yields in 2016 are: 7.6 percent, on average, for the main index BET, 10.1 percent for energy companies, 7.1 percent for utilities sector and 8.6 percent for banks that are covered by the main index.

The tax on dividends, which was lowered to 5 percent starting 2016, and the highest GDP growth in EU has added to the attractiveness of the Romanian capital market.

Additionally, steps were taken in order to simplify the fiscal registration procedures and the updated English forms are now available on the website of the National Agency for Fiscal Administration (www.anaf.ro). Moreover, the local fiscal authorities will soon accept the electronic signature instruments issued in other EU Member States, based on the EU Regulation.

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