12.12.2012

The future single watchdog of Romania’s financial markets could be no more than a formal change because it is still parties who appoint the management. more

11.20.2012

Romania’s draft state budget for 2013 states the sum needed to increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages, Ileana more

11.14.2012

The Romanian Government wants to raise military pensions which were cut following recalculation, but International Monetary Fund representatives disapprove of the proposition, people close to the more

09.19.2012

The average annualized yield of Romania’s mandatory private pension funds (Pillar II) reached 11.54% between May 2008 and August 2012, according to the Pension Fund Association (APAPR). more

09.19.2012

The public pensions of Romanians born between 1966 and 1971 will not exceed 15% of their last wages, as the current resources of the country’s public pension system do not allow for more, an more

09.18.2012

The functioning tax paid by the managers of Romania’s mandatory (Pillar II) private pension funds will increase by over 50% as of January 1, according to a decision recently approved by Romania's more

07.20.2012

The assets of Romania's mandatory (Pillar II) and voluntary pension funds (Pillar III) reached 8.44 billion lei (EUR1.84 million) at the end of June, up 3.2% on the month, private pension system more

07.18.2012

ING Pensii CEO Marius Popescu has taken over the chair of the Association of Romanian Privately Administered Pensions (APAPR), after former chairwoman Cornelia Coman was appointed head of ING's more

06.18.2012

Romania's mandatory (Pillar II) and voluntary (Pillar III) private pension funds reported net assets worth 8.17 billion lei (EUR1.83 billion) at the end of May, up 2.15% on the month, according to the more

05.15.2012

The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 7.99 billion lei (EUR1.79 billion) at the end of April, up 3.2% on the month, private pension more

05.09.2012

Romania's social health insurance fund will be out more than 760 million lei (EUR172 million) this year, as a share of contributions from pensions over RON740 will no longer be charged, and the loss more

05.06.2012

Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Monetary more

04.26.2012

Romanian private pension fund administrators will be required to send a detailed report on their investments to regulator CSSPP every week, in accordance with two bills that amend current rules on more

04.18.2012

The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) amounted to 7.75 billion lei (EUR1.7 billion) at the end of March, up 3.62% on the more

04.09.2012

Romania’s mandatory pension funds (Pillar II) reported net profit of over RON1 billion (EUR228 million) between May 2008 and March 2012, according to an analysis by the Association for Romanian more

03.30.2012

The average number of pensioners in Romania stood at 5,589,000 in 2011 down 86,000 on the year, and the average monthly pension amounted to 753 lei (EUR172), up 5.2%, the statistics institute INS said more

03.27.2012

Political parties on Monday in an unexpected move decided to appoint their candidates to the helm of the institutions that supervise the capital market (CNVM) and private pensions (CSSPP), although more

03.15.2012

The assets of Romania's mandatory (Pillar II) and voluntary pension funds (Pillar III) reached 7.48 billion lei (EUR1.71 billion) at the end of February 2012, up 4.2% from January, private pension more

03.14.2012

The average number of pensioners in Romania stood at 5.555 million in the last quarter of 2011 and the average monthly pension amounted to 760 lei (EUR174.2), up 5.4% compared with the same interval more

02.15.2012

The assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 7.14 billion lei (EUR1.6 billion) at the end of January 2012, up 4.7% from more

02.03.2012

Romanian Finance Minister Gheorghe Ialomitianu said Friday a decision on increasing public wages and pensions will depend not only on the evolution of state budget revenues, but also on companies’ more

02.01.2012

The Hungarian minority party UDMR, part of Romania’s ruling coalition, will ask the International Monetary Fund (IMF) to approve public wage and pension hikes in 2012 and oppose the enforcement of more

01.30.2012

The Romanian Government will look into slightly increasing public wages and pensions providing the economy is stable and registers growth, Prime Minister Emil Boc said Monday. more

01.16.2012

The assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) rose by 47% in 2011 to 6.85 billion lei (about EUR1.6 billion), private pension regulator more

12.15.2011

Romanian private pension fund administrators may invest in private equity funds, commodity funds or in infrastructure, according to a norm approved Thursday by private pension system regulator CSSPP. more