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.
The National Bank of Romania (BNR) ended 2024 with a profit of roughly RON 3.8 billion (EUR 760 million), a 58% increase compared to the previous year, despite the operations it performed to maintain the national currency's stability. The figures, published in a report on Monday, June 23, show that operating costs for 2024 were […]
Over half of Romanians trust the United States and the United Kingdom, according to the Informat.ro - INSCOP Research Barometer conducted between May 26–30, 2025. Only 11% trust Russia, with higher levels of trust from among far-right voters of the Alliance for the Union of Romanians (AUR) party. The United States is trusted by 52.8% […]
Prahova County launched construction on a major cycling infrastructure project aimed at connecting local vineyard towns and promoting green mobility and sustainable tourism. The initiative, titled “Establishment of Bicycle Lanes on Bachus’s Route,” represents an investment of over RON 25 million, with RON 21 million coming from non-reimbursable funds provided by the Environmental Fund Administration. […]
Forvis Mazars, the international audit, tax and advisory services partnership, is pleased to announce the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania. The Desk combines a highly qualified German team of lawyers with an interdisciplinary Romanian team of […]
Last week, the BBC reported that Romanian authorities have launched an investigation into Tristan Tate, brother of controversial internet personality Andrew Tate, over allegations he broke election laws by posting political content on social media during the recent presidential elections. The investigation, opened by the Ilfov county police according to the British newspaper's sources, is […]
Bucharest is facing growing environmental challenges, with traffic-related air pollution, shrinking green spaces, and worsening climate impacts threatening the health and well-being of its residents, according to the latest “State of the Environment in Bucharest” report released by the Bucharest Community Foundation through the Environmental Platform for Bucharest. For example, air pollution has already reached […]
