Total assets held by Romania's privately-managed pension system stood at 92.04 billion RON as of end-September, up 2 percent YoY, but 0.5 percent down from December 2021, the Financial Supervisory Authority (ASF) reports.The total net assets held by the mandatory privately-managed pension funds (Pillar II) amounted to 88.71 billion RON, up 2 percent from the year-ago period, and 1.5 percent higher compared to June 2022.As of the same date, net assets held by the optional pension system (Pillar III) totaled 3.34 billion RON, up 0.5 percent annually, and 2 percent less compared to December 2021; the advance from June 2022 was 1.1 percent.There were 8,512,355 contributors registered with the 17 privately-managed pension funds operating in Romania, up from 8,257,559 participants at the end of 2021.As of end-September 2022 there were 7,908,319 contributors registered in the mandatory privately-managed pension system, compared to 7,793,087 at the end of December 2021.Also, there were 604,036 contributors to the optional pension scheme as of end-September, compared to 564,472 at the end of 2021.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
