Audio – The next hot market? — Romania

October 2, 2006

Membership in the EU, scheduled for next year, and a relatively large, dynamic and creative population, are two reasons that Romania caught the eye of Mark Mobius, one of the world’s best-known emerging markets investors.

Mobius, who oversees about $29 billion in emerging markets assets at Templeton Asset Management, pointed to two Austrian companies that have invested in Romania, such as OMV AG, which controls Romanian oil group Petrom, and Austrian bank holding company Raiffeisen International. He was speaking from Japan in a telephone interview with reporters in New York.

 

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