Foreigners' acquisitions exceed sales on local stock market in five months

Foreign investors bought more stocks on the Romanian stock market compared to the stocks they sold in the first five months of the year. The acquisition volume has reached EUR 167.9 million, according to the National Securities Commission (CNVM), while their sales reached EUR 148 million. The foreign capital inflows on the local stock market were of EUR 19.7 million in May this year, while exits reached EUR 12.89 million. Dutch investors were the most active in the first five months of the year, with 18.95 percent of the acquisitions, followed by Luxembourg, with 13.84 percent, Cyprus, with 13.55 percent and Greece, with 11.68 percent. The top of sellers was headed by Cyprus investors, followed by UK and Luxembourg. The Netherlands, Cyprus and Luxembourg are usually countries of choice for registering offshore companies which benefit from better taxation and confidentiality of their shareholders than if they were registered directly in Romania.