Banks-Insurance
Private Pension Funds’ Assets Will Increase To EUR11B In Next Five Years
The assets of Romania's mandatory (Pillar II) and voluntary pension funds (Pillar III) will increase to EUR11 billion in the next five years, from EUR2 billion at the end of August, Mihai Co...
Four Romanian EU-Funded Programs To Lose Several Hundred Mln Euro Following Corrections - Minister
The financial corrections the European Commission will apply to four Romanian EU-funded programs stand at several hundred million euros, and the money might be redirected to Romania, Ministe...
Mandatory Private Pension Funds Posted 11.54% Yield In May ’08-Aug ‘12
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).
Leu Reverses Gains Vs Euro, Exchange Rate At 4.5037
Romania’s leu reversed earlier gains versus the euro by midday Wednesday and the central bank’s reference weakened for a second straight day to 4.5037 units, from 4.5026 units in the previou...
Romania To Have 6 Mandatory Private Pension Funds From 9 By 2017
The number of private pension funds on the mandatory pension segment (Pillar II) will drop to six from the current nine, through mergers and acquisitions expected over the next five years, a...
Leu Gains Vs Euro In Early Trade
The Romanian leu gained versus the euro in early trade Wednesday, nearing 4.496 units, as sentiment on the international market improved after the Bank of Japan said it will provide more mon...
Private Pension Funds Functioning Tax Up 50% As Of January 2013
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 Roma...
BNR May Limit Foreign Lending To SMEs
Romania’s central bank may extend the scope of its recently introduced foreign lending regulations to cover a wider range of debtors exposed to exchange rate fluctuations, including small- a...
Leu Dips Vs Euro On Negative Sentiment
Romania’s leu weakened against the euro in a sleepy session Tuesday, amid a negative sentiment in the region as investors are concern Spain might have to turn to international creditors for...