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 real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]
Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners' alleged ties with the Social Democratic Party […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
