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ASF: Private Pension Fund Assets Up To RON246B In H1, 2026
The private pension system in Romania performed soundly in the first half of 2026, with 9.6 million participants and RON246 billion in total assets managed by private pension funds in June, an increase of 39% on the year-ago period, Financial Supervisory Autho...
ANIS Survey: Direct Contribution of IT Industry To Romania GDP Formation Edges Up To 5.01% in 2024
The direct contribution of the IT&C industry to GDP formation stood at 6.67% in 2024, down from 68% in 2023 and 7.11% in 2022, amid the decline of the communications industry, reveals a surv...
BCR Contributes EUR84M To EUR435M Syndicated Loan Ford Otosan Romania Took Out
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to support production of the new Ford Puma, o...
Coal No Longer Top Three Energy Source in Romania in 2020
Coal was used to generate 16.5% of Romania’s energy last year, which is unprecedented since the major thermoelectric plants in Oltenia used to account for more than 20% of the country’s ener...
Companies Enter 2019 Without Law on Transfer of Social Security Contributions from Employer to Employees
The first year of implementation of the ordinance transferring social security contributions from employer to employee (No. 79/2017) illustrates un abnormal situation on the labor market, as...
ASF: Average Contribution To Pillar II At RON157.46 In June 2018
On the mandatory private pension segment Pillar II, the average contribution of participants with contributions transferred in June 2018 stood at RON157.46, a slight decrease, of 0.71%, comp...
Bogdan Putinica, Enea Services Romania: IT Industry May Generate 10% Of GDP In A Few Years
The IT&C sector, which has become the star of the Romanian economy in recent years, has the potential to grow to 10% of the GDP in the next few years, as exports of IT services have been ste...
Three Funds Manage 70% Of Romanians’ Private Pension Money
Three mandatory pension funds of NN (Netherlands), Allianz-Tiriac (Germany) and Metropolitan Life (US) manage the pension money of about 4.3 million Romanians or 64% of the people who have a...
Dumitru: Agriculture To Contribute Around 0.25% To Romania’s GDP Growth In 2016
Romania’s agricultural output might rise by 5%-10% in 2016, therefore its contribution to the country’s gross domestic product will reach nearly 0.25%, said Ionut Dumitru, chief economist at...