12.09.2024

Romania’s National House of Public Pensions has signed a RON109.9 million contract, VAT not included, for a new integrated information system, supplied by the joint venture between AROBS Systems SRL more

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

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

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

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

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

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

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

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

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

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

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

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

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

05.25.2020

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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

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

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

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

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

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

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

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

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

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