The legislation regarding the private optional pensions ( Pillar III) will be revised to include the occupational pensions in the law, they representing one of the strategic projects of the Authority for Fiscal supervision (ASF) for 2016, informs on Friday the institution: ‘the representatives ASF and of the Association for pensions privately managed in Romania (APAPR) agreed to constitute two working groups, one which will focus on the revision of the legislation for pillar III for pensions, to include the occupational pensions in the law’ a press release of ASF says. Among the main discussion issues were the amendment of the legislation in the domain and the optimisation of the investment policy, the two issues focusing on ‘ the good functioning and development of the system of private pensions’. The second working group will have as main issue the completion and the upgrading of the investment policy for pensions funds privately managed and optional ones. According to the ASF representatives, the harmonisation of the investment framework in the domain of private pensions, through regulations which encourage the diversification of the portfolios in agreement with the growing rhythm of the value of pensions funds. ‘Among the measures taken is the development of the market OTC (over-the-counter) and derived products. The participants to discussions discussed the issue of financial education, as an important part of the development of the private pensions system.Both ASF and APAPR showed the necessity to sign partnership to allow the implication of the specialists on the regulated markets in educational programmes’ the press release says. The Authority for Financial supervision (ASF) is the institution which authorises, regulates, supervises and controls the entitites which operate on the non-banking financial market in Romania.
Romania’s national football team defeated Cyprus, 4-1 (2-0), on Monday, November 18, and consolidated its position as leader in Group C2 of the Nations League. The match began in Bucharest’s National Arena, and Romania scored immediately through forward Daniel Bîrligea. Cyprus responded with their own attacks but Romania scored again right before halftime. Back on […]
In an official statement marking 1,000 days since Russia began its full-scale invasion of Ukraine, US ambassador to Bucharest Kathleen Kavalec said the United States and Romania "stand together to counter the threats posed by Russia in Ukraine and in Europe" and thanked Romania for its support for Ukraine and its citizens. "Romania has shown […]
Radiology and dental tomography network DigiRay has acquired the three Maraffka clinics in Ploiești, a city 60 km north of Bucharest. This is DigiRay's third acquisition after buying the Dental Scan centers in Bucharest in 2021 and YTS Dental View in Oradea, in northern Romania, this year. DigiRay (Clinică Dentară S.A) was founded in 2011 […]
BeeFast, the Romanian tech startup specializing in instant delivery management solutions, announces securing a USD 450,000 investment. The funds will be used to accelerate BeeFast's international expansion and further develop its SaaS (software as a service) platform, which is revolutionizing the way companies manage their ultra-fast delivery fleets. Amid a consistent and organic increase in […]
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first […]
