Mandatory private pension funds had assets worth 143.3 billion RON, at the end of June 2024, up 30.2% compared to the level recorded on the same date in 2023, according to the statistics of the Financial Supervisory Authority (ASF)."The investments of privately managed pension funds were made in a percentage of 94.2% in Romanian assets, most of them being denominated in lei. A large part of the Romanian instruments are represented by government securities or shares listed on the BVB," it is mentioned in the report.According to the quoted source, the contributions collected in June 2024 were worth 1.57 billion RON, while the average contribution was 383 RON.At the end of June, government bonds had the largest share in assets, of 92.185 billion RON, respectively 64.3%. In second place were shares, with 36.266 billion RON (25.3%), and in third place were corporate bonds, with 6.144 billion RON (4.3% of total assets).According to the ASF, mandatory private pension funds had 8,217,750 participants in June 2024.The following pension funds are active within Pillar II: Metropolitan Life, Aripi, AZT Viitorul tau, BCR, BRD, NN and Vital.
The Defense Ministry said early Wednesday, November 19, that its Air Force detected a drone entering national airspace overnight, prompting the scramble of German and Romanian fighter jets amid ongoing Russian attacks near Romania’s border with Ukraine. Two German Eurofighter Typhoon jets stationed at the Mihail Kogălniceanu Air Base took off at 00:25 on November […]
The government will radically amend the legislation on foreign labour and repeal the current law, said Ciprian Văcaru, state secretary at the Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), as reported by Economedia.ro...
The Romanian government is preparing an emergency ordinance to ban salary-pension cumulation in the public sector, according to the document consulted by Economedia.ro. The draft ordinance includes other measures to reduce spending in public administration, such as suspending secondments and transfers. The...
Although the Romanian ruling coalition announced a principle agreement over cutting by 10% the payroll of the central administration, no formal agreement has been drafted yet, and the technical specifications are not yet clear. In any case, it seems broadly agreed that the ministries and other central administrative units will be given flexibility in deciding […]
Romania’s BlueSpace Technology is preparing for the first public presentation of its VLAH (Hydramatic Autonomous Combat Vehicle) prototype, scheduled for the first half of December, according to a press release cited by Bursa.ro. The 4x4 armoured vehicle is the first...
The construction materials distribution company Sipex (BVB: SPX), traded at the Bucharest Stock Exchange, announced it will begin next year the construction of a dry mortars and thermal insulation materials factory in Ariceștii Rahtivani, Prahova County. The project will involve EUR 20 million of investment. The company said it has “all approvals for the submission […]
