Mandatory private pension funds had assets worth 85.98 billion lei at the end of November 2021, up 18% from the level recorded on November 30, 2020, according to the Financial Supervisory Authority (ASF)."The investments of privately managed pension funds were 87% focused on Romanian assets, most of them denominated in lei. A large part of the Romanian instruments are represented by government securities or shares listed on the Bucharest stock exchange," the report mentioned.Government securities had the highest share of assets, of 52.259 billion lei, respectively 60.80%. On the second place were the shares, with 21.273 billion lei (24.75%). Corporate bonds ranked third from this point of view, with 5.707 billion lei, respectively 6.64% of total assets.According to ASF data, the mandatory private pension funds had 7.761 million participants.The following pension funds are active on the second pillar (mandatory private pensions): Metropolitan Life, Aripi, AZT Your Future, BCR, BRD, NN and Vital.
The Romanian Hydrogen and New Energy Technologies Hub, or Ro-HydroHub, a strategic project aimed at advancing hydrogen-based technologies, was officially launched on Thursday, March 13. The initiative, which is funded through the Smart Growth, Digitization, and Financial Instruments 2021-2027 Program (PoCIDIF), represents a nearly EUR 140 million investment and seeks to modernize Romania's energy sector […]
The town of Florești, near Cluj-Napoca, kicked off the construction of the "Historical Gallery of Transylvania" Museum Complex, the first museum built from scratch in Romania in the last 100 years. The investment amounts to RON 145.8 million (EUR 29.2 million). The museum, built on a surface of 15,583 square meters, is dedicated to all ethnic […]
US president Donald Trump told NATO secretary general Mark Rutte that he supported him in the race for the current position against former Romanian president Klaus Iohannis. However, Trump did not name Iohannis directly, despite him being Rutte's only competitor. During the recent discussions in the White House, Donald Trump emphasized that there was another candidate […]
Measles cases in the European Region have reached alarming levels in 2024, with Romania reporting the highest number. According to an analysis by the World Health Organization (WHO) and UNICEF, 127,350 measles cases have been reported across 53 countries in Europe and Central Asia, marking a doubling of...
Vladimir Tismăneanu, a well-known professor of political science and director of the Center for the Study of Post-Communist Societies at the University of Maryland, announced on Friday, March 15, that he has decided to renounce the title of Doctor Honoris Causa awarded by the National School of Political and Administrative Studies (SNSPA), after the university […]
A restaurant in the Brâncovenesc Salon of the Palace of Parliament was closed on Thursday, March 13, by inspectors from the National Authority for Consumer Protection (ANPC), announced the institution led by Cristian Popescu Piedone. Inspectors said they found products past their expiration date and irregularities regarding food storage, according to Hotnews.ro. ...
