Total assets held by Romania's privately-managed pension system stood at 92.04 billion RON as of end-September, up 2 percent YoY, but 0.5 percent down from December 2021, the Financial Supervisory Authority (ASF) reports.The total net assets held by the mandatory privately-managed pension funds (Pillar II) amounted to 88.71 billion RON, up 2 percent from the year-ago period, and 1.5 percent higher compared to June 2022.As of the same date, net assets held by the optional pension system (Pillar III) totaled 3.34 billion RON, up 0.5 percent annually, and 2 percent less compared to December 2021; the advance from June 2022 was 1.1 percent.There were 8,512,355 contributors registered with the 17 privately-managed pension funds operating in Romania, up from 8,257,559 participants at the end of 2021.As of end-September 2022 there were 7,908,319 contributors registered in the mandatory privately-managed pension system, compared to 7,793,087 at the end of December 2021.Also, there were 604,036 contributors to the optional pension scheme as of end-September, compared to 564,472 at the end of 2021.
REHAU Window Solutions officially announces the expansion on the market of aluminium window and facade systems and launches on the Romanian market the Iconic W77 system, developed in partnership with Elvial. The new aluminium solutions come as a complement to the portfolio consisting of the classic PVC systems that have won awards over the years […]
Rallies meant to show Romanians’ support for EU membership will take place on March 15 in Bucharest and several other cities. The rallies, held under the name Euromanifest, are not associated with any party or candidate. Instead, they are the result of a civic initiative organized by people who believe in democracy, freedom of expression, […]
IBM announced the opening of a new Innovation Lab in Bucharest in collaboration with Amazon Web Services (AWS). Located at the IBM Client Innovation Centre, the lab is set to serve clients from 22 countries, offering hands-on access to cutting-edge technologies, including agentic AI and generative AI solutions built using Amazon...
Hanul lui Manuc, Carul cu Bere, Curtea Berarilor, and Arcade Cafe, all very well-known restaurants located in Bucharest’s central and touristic Old Town, were temporarily closed by inspectors from the National Authority for Consumer Protection (ANPC). Inspectors found multiple violations, including improper food storage, unsanitary kitchen utensils, and frozen food with ice deposits. Fines totaling […]
Crin Antonescu, the candidate backed by the Romanian coalition made up of the Social Democrats (PSD), Liberals (PNL), and the Hungarians Alliance (UDMR), said he is “unwavering” after submitting his candidacy file for the presidential elections on Sunday, March 9. Antonescu promised he would unite and strengthen the nation in front of supporters and critics, […]
Romania’s National Meteorological Administration (ANM) announced that a mass of air containing Saharan dust will reach Romania starting on Tuesday morning, March 11. Between March 9 and 13, the southwesterly air circulation will favor the advance of an air mass loaded with dust particles of Saharan origin from North Africa towards southeastern Europe and over […]
