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.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
