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.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
