MANDATORY
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Mandatory Pension Funds’ Investments on Bucharest Stock Exchange Up to EUR3.5B
The investments of several million employees, who are now paying 3.75% of their gross monthly income towards mandatory private pensions, in 24 companies listed on the Bucharest Stock Exchange via Pillar II pension funds reached RON17.3 billion (EUR3.5 billion)...
Romania Makes National Health Cards Mandatory Starting January 1, 2013
Romania’s National Health Insurance House (CNAS) on Wednesday said the electronic health insurance cards will become mandatory starting January 1, 2013.
Mandatory Home Insurance Suspended In Court
The Bucharest Court of Appeals has suspended, at the request of Astra, the enforcement of an order issued in August by the Insurance Supervisory Commission (CSA) forcing home owners to buy a...
Introduction Of Mandatory Home Policies Causes Surge Of Voluntary Insurance
Around 3 million Romanians have their homes insured through a voluntary policy, 58% more than in mid-last year, when the mandatory home insurance scheme kicked off, while mandatory policies...
Pension Funds Witness First Losses Since Establishment In 2008
The privately managed mandatory pension funds (pillar II) experienced for the first time the anxiety of extensive stock market corrections, watching declines of over 20% in Bucharest, Warsaw...