Mandatory private pension funds had assets worth 143.3 billion RON, at the end of June 2024, up 30.2% compared to the level recorded on the same date in 2023, according to the statistics of the Financial Supervisory Authority (ASF)."The investments of privately managed pension funds were made in a percentage of 94.2% in Romanian assets, most of them being denominated in lei. A large part of the Romanian instruments are represented by government securities or shares listed on the BVB," it is mentioned in the report.According to the quoted source, the contributions collected in June 2024 were worth 1.57 billion RON, while the average contribution was 383 RON.At the end of June, government bonds had the largest share in assets, of 92.185 billion RON, respectively 64.3%. In second place were shares, with 36.266 billion RON (25.3%), and in third place were corporate bonds, with 6.144 billion RON (4.3% of total assets).According to the ASF, mandatory private pension funds had 8,217,750 participants in June 2024.The following pension funds are active within Pillar II: Metropolitan Life, Aripi, AZT Viitorul tau, BCR, BRD, NN and Vital.
Romanian prosecutors at the Directorate for Investigating Organized Crime and Terrorism in Bucharest, or DIICOT, expanded the investigation into the defunct real estate developer Nordis, after receiving 300 new complaints from victims, Digi24 reported. Nordis, a premium developer, allegedly collected...
Foreign minister Oana Țoiu conveyed Romania’s offer to host the EU Maritime Security Hub during the Ministerial Meeting on Security and Trans-Regional Connectivity in the Black Sea region, organized on the sidelines of the Foreign Affairs Council on Monday, October 20. The meeting represented a first opportunity for an in-depth high-level discussion regarding the implementation […]
More than half of Romanians (55.6%) believe that modern technologies such as 5G and artificial intelligence (AI) are being used to manipulate the population, while nearly 60% think pandemics and economic crises are part of secret plots by global powers, according to a new survey by polling agency Inscop, as quoted by Biziday.ro. The
Romanian president Nicușor Dan said he would like to run for a second term “in principle,” in an interview given on Monday, October 20. However, he noted that it is too early to make a decision. Dan said he would need another 5-year term, aside from the one just beginning, because it takes time to accomplish things. […]
Romanian state-owned railway operator CFR announced on Tuesday, October 21, the cancelling of around 70 trail routes across the country due to debts of RON 100 million (EUR 20 million). The company failed to pay railway usage fees. Initially, CFR SA announced that 37 trains will be temporarily suspended, only to later increase the figure. The […]
The Romanian Intelligence Service (SRI), in cooperation with national and international partners, has foiled a sabotage operation allegedly orchestrated by Russia on Romanian territory, the agency announced on Tuesday, October 21. According to SRI, the planned attack involved two Ukrainian citizens acting under the direct coordination of Russian intelligence operatives. The pair...
