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Proprietatea Fund losses increase 14-fold in Q1, 2014 compared to Q1, 2013

Fondul Proprietatea (FP, meaning the Ownership Fund - editor's note) posted losses of 79 million lei at the end of the first quarter of 2014, 14 times higher compared to the 5.6 million lei losses registered in Q1, 2013, show figures released by the Bucharest Stock Exchange (BVB) on Thursday. 'The main factors that led to the registration of the net loss in the first quarter of 2014 were the accounting loss resulting from the sale of holdings in the ...

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