Romania's Financial Supervisory Authority (ASF) wants to extend for another five years a provision by which the private pension fund managers (Pillar II and Pillar III) are allowed to keep more than 70% of their portfolios in debt instruments issued by Romania or another EU member state.
The 70% limit was waived for the first time in 2020 and extended on an annual basis.
The substantiation note attached by ASF to the bill that extends the provision for another five years...
Roughly 75% of Romanian employees are willing to go through professional retraining to overcome an economically unstable period, according to a survey by job platform eJobs. The data comes as Romania is bracing for a tough economic period and increased taxation, and job security becomes a prime concern. When it comes to retraining, candidates admit […]
Netherlands-based photographer Ilona Schong has been named the People Photographer of the Year in the non-professional category at this year's International Photography Awards (IPA) for her series documenting life inside traditional Romanian homes. In her series, titled Inside Romania, she captures Romanian villagers in their still-traditional households. "Welcomed with warmth and generosity, she witnessed moments […]
Romanian president Nicușor Dan confirmed on August 20 that he is likely to pay an official visit to the United States early next year, provided preparations proceed as planned. A few days ago, foreign minister Oana Țoiu said that president Dan is expected to visit the United States and meet with president Donald Trump in the […]
European allies are pressing the United States to deploy F-35 fighter jets to Romania as part of future security guarantees for Ukraine, The Times reported, citing discussions among senior military officials. Romanian outlet
Romanian croissant producer Derpan SA has raised EUR 2 million through a private bond placement brokered by brokerage house Goldring SA, the company announced on August 20. The secured, euro-denominated bonds mature in 2030 and carry an annual coupon of 11%, Ziarul Financiar reported. ...
Romanian banks’ aggregated profit (EUR 752 million) and profitability ratios in Q2 remained around those seen in Q1, meaning slightly below the performance in the same period last year, according to data published by the National Bank of Romania (BNR). The non-performing loans (NPL) ratio, however, rose slightly to 2.8% at the end of June, […]
