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.
A painting estimated at EUR 2 million that was stolen from an Oxford university art gallery roughly four years ago was recovered in Romania and returned to the UK judicial authorities last month, the Romanian Police announced. According to the BBC,...
Romania's national team will play in Group B at Debrecen in the 2024 European Women's Handball Championship alongside the teams from Montenegro, the Czech Republic, and Serbia, according to the draw held in Vienna. The Romanian team was part of the second pot and was the first drawn. Romania qualified undefeated for the final tournament, […]
Bucharest City Hall, through the General Directorate of Social Assistance of the City of Bucharest (DGASMB), and UNICEF Romania inaugurated on Thursday, April 18, a new integrated social services unit for vulnerable children in the capital city. The Respiro center for children with disabilities and their families, named The Magical Rainbow, will provide free services such as […]
Romania is inching closer to admission into the US Visa Waiver Program, a national strategic objective, according to the government. The country is increasingly close to meeting the technical criteria for joining. To be part of the program, countries need to have an applicant refusal rate below 3%. To reach this goal, the government says […]
Document 56, a Romanian short feature by Christopher Landry, will have its world premiere at The Beverly Hills Film Festival, where it has been chosen in the Official Selection. The event’s 24th edition is scheduled for May 1-5. Director Landry and composer Călin Țopa will be in attendance for the BHFF screening. The Romanian short […]
The Easter Fair in Bucharest might have been canceled, but the public can still visit two Palm Sunday fairs hosted by the museums dedicated to village culture, while many cities in the country host Easter fairs with ample programs. Palm Sunday Fair @ Dimitrie Gusti Village Museum in Bucharest April 26 – April 28 The […]
