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 Bucharest City Hall has secured a EUR 34.4 mln loan from the European Investment Bank (EIB) to support the rehabilitation of the city's district heating system. This funding marks the first tranche of a broader EUR 300 million loan package intended to finance key infrastructure projects, including district heating, urban mobility, and the modernization […]
The Constitutional Court of Romania (CCR) admitted, on March 11, the objection of unconstitutionality regarding military pensions and decided that the Law supplementing Law no. 223/2015 on state military pensions is unconstitutional, according to Europa Libera Romania. The draft provides...
Japanese corporation Yokohama Rubber reportedly intends to buy the bankrupt Romanian tire factory in Drobeta Turnu Severin, which specializes in the production of tires for the mining industry, earthmoving equipment, and oversized transport, according to
Sales of electronics, home appliances, IT, and telecom products in Romania rose by approximately 10% in 2024 compared to the previous year, according to an analysis by Ziarul Financiar based on data from market research company NielsenIQ. The electro-IT market recorded steady growth across all segments, though...
The headline inflation in Romania edged marginally above 5% y/y in February from 4.95% y/y in January, but well above the 4.7% y/y market consensus and probably also above the central bank’s expectations – thus putting into question the monetary authority’s (recently revised) 3.8% y/y inflation forecast. The monthly inflation remained at an elevated rate […]
Romania’s industrial production contracted by 2.5% y/y in January, with a slightly milder decline of 2.3% y/y in the core manufacturing industries, the statistics office INS announced. However, there are positive signs: the workday-adjusted industrial output increased by 2.1% y/y (reflecting the smaller workday count in January 2025 compared to 2024) and the seasonally- and workday-adjusted industrial […]
