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Tag Archives: IFRS

Losses of over RON 560 M for FP at end-December 2015

Fondul Proprietatea (FP), the Romanian closed-end fund managed by Franklin Templeton Investments and one of the world’s largest closed-end funds, incurred an accounting loss of RON 565.1 million, according to the Preliminary Results Report for the financial year ended at ...

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Authorities postpone for one year the application of IFRS for insurance companies

Authorities postponed by one year the application of International Financial Reporting Standards (IFRS), which were to become mandatory from January 1, 2015 for all insurance/reinsurance undertaking authorized in Romania and those operating under the right of freedom of establishment, sources ...

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