Results 1 - 25 from 154 for "pensions"
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Romania Hotels and Pensions Rake In Record High RON10.8B Revenues in 2023, RON2B Profit
09.02.2024
Local accommodation units, mainly made up of hotels and pensions, registered total revenues worth RON10.8 billion in 2023, a record high for the owners on the market, in line with Trade Registry data. more
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Romania Hotels and Pensions Accommodated 5.7 Million Tourists in H1/2024, Just 3% More Vs H1/2023
08.06.2024
Local accommodation units welcomed 5.7 million tourists in the first half months of 2024, meaning an increase of just 3% from the year-earlier period, in line with data provided by Romania statistics more
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Mandatory Private Pensions Funds In Romania Boost Their Ownership In OMV Petrom By Nearly 3% In 2023 To 14.2%
02.16.2024
The mandatory private pension funds in Romania (Pillar II) in 2023 increased by nearly 3% their ownership stake in OMV Petrom (SNP.RO), the sole oil and gas producer in Romania and the largest more
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Romania To Raise Private Pension Contributions To 4.75% Starting Jan 1, 2024
03.16.2022
Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government more
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Pillar II Pension Funds Generate 6.2% Average Yield in 2020
01.25.2021
Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of the pandemic, stock declines in spring and uncertain more
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Financial Watchdog Seeks To Apply Unitary Approach For Stock Market, Insurance, Private Pension Sectors
01.20.2021
Romania’s Financial Supervisory Authority (ASF) plans to implement a unitary approach for the management of the stock market, insurance and private pension sectors, through the coordination of all more
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Pillar II Pension Funds Reach RON75B in Net Assets in 2020
01.12.2021
The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alone. more
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Private Pension Assets in Romania Top EUR14B in Jan-Sept
10.23.2020
The assets managed by private pension funds (Pillar II and Pillar III) reached RON72.58 billion (EUR14.8 billion) at the end of September, up 17.96% compared with September 2019, data from Romania's more
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AHK Romania: Parliament’s Decision To Raise Pensions By 40% Is A Major Risk For Local Economy
09.23.2020
German companies in Romania, reunited in the Romanian-German Chamber of Commerce and Industry (AHK Romania), believe the Romanian Parliament’s decision to increase pensions by 40% represents a major more
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Central Bank: Budget Deficit Can't Be Adjusted Brutally
09.22.2020
Romania's major macroeconomic challenge starting 2021 is adjusting its budget deficit and macroeconomic imbalances as international markets are unlikely to accept large deficits for years to come, the more
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Private Pension Assets In Romania Reach RON68B End-June 2020, Up 6.31% From December 2019
09.18.2020
The assets managed by private pension funds (Pillar II and Pillar III) in Romania reached RON68.57 billion (EUR14 billion) at the end of June 2020, up 6.31% compared with the December 2019, data from more
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Pillar II Funds Report Record Assets Of RON66B In 1H/2020
07.21.2020
The seven pension funds operating on the Romanian mandatory segment known as Pillar II reported total assets of approximately RON66 billion for the first half of 2020, higher by RON4 billion since the more
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Private Pension Assets in Romania Grow 17.5% in 1Q/2020
07.17.2020
The assets managed by private pension funds (Pillar II and Pillar III) reached RON62.55 billion (EUR12.96 billion) in the first quarter of 2020, up 17.56% compared with the first quarter of 2019, data more
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Convergence Program: Rise In Pension Costs, With Peak Of 14.4% Of GDP In 2053, Puts Strain On Medium, Long Term Debt
05.25.2020
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Pension Pillar II Assets Grow 18.4% YoY in April, to RON61.87B
05.22.2020
Assets managed by mandatory private pension funds (Pillar II) in Romania stood at RON61.87 billion at the end of April, up 18.4% compared with April 2019 and up 192.46% compared with five years more
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CEC Bank to Issue Free Debit Cards for Pensioners
04.29.2020
Romanian state-owned lender CEC Bank will issue free debit cards for people who cashed their pensions at bank offices and will deliver them at the customers' homes addresses via the Romanian post more
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Financial Watchdog Assures Private Pensions Are Safe Despite Market Turbulence
04.03.2020
Romanian's private pension contributions are safe as the system is built for the long run, with 30-40 years of saving and balanced and cautious investment plans, which shields it from short-term more
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Coronavirus Crisis Depreciates Pension Fund Assets
04.02.2020
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the coronavirus pandemic, the Romanian association for more
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Analysts: Romania Risks Overshooting 5% Budget Deficit Threshold In Coming Years
01.28.2020
Romania’s 2020 state budget is optimistic, which significantly increases the risk of reaching a 5% government deficit, in the coming years, if the current pension increase calendar is maintained, more
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Pillar II Pension Funds Post Average Yield of 11.8% in 2019
01.16.2020
Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the Romanian association for private pensions APAPR said in a more
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Finance Minister Pledges to Raise Private Pension Contributions to 6% in 2021
01.08.2020
Romania's government will raise contributions to mandatory private pensions (Pillar II) to reach 6% of contributors' gross wage from the current share of 3.75%, finance minister Florin Citu said late more
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Private Pension Funds in Romania Had Assets of RON61.53B End-September
12.13.2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON61.53 billion (EUR12.95 billion) after the first nine months of 2019, up 24.04% compared with end-2018, data from the more
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Romania Private Pension Funds Had Assets of RON57.43B in 1H/2019
10.07.2019
The assets managed by private pension funds (Pillar II and Pillar III) reached RON57.43 billion (EUR12.13 billion) in the first half of 2019, from RON45.6 billion in the first half of 2018, data from more
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Government Plans Income Tax of Up To 50% on Special Pensions
08.01.2019
The Romanian government is working on a draft to apply an income tax rate of 10% to 50% on special pensions, official sources told Mediafax. more
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Romanian Private Pension System Evolved Well in 1Q/2019, Says Watchdog VP
07.15.2019
The Romanian private pension system had 7.79 million contributors and managed assets totaling RON53.21 billion at the end of the first quarter of 2019, said Dan Armeanu, vice-president of the more