11.17.2015

Assets managed by private pension funds in Romania rose nearly 30% on the year to RON24.27 billion (EUR5.5 billion) in the first nine months of 2015, and account for 3.46% of Romania's gross domestic more

01.19.2015

Private pension funds in Romania are seen reaching RON26.3 billion in assets at the end of this year, of which RON25 billion on the mandatory segment (Pillar II), Raluca Tintoiu, head of the local more

01.07.2015

Voluntary private pension funds (Pillar III) had an average yield of 7.45% last year, from 11.33% in 2013, and total net assets of RON1.04 billion (EUR232 million) in December 2014, 28% higher than in more

01.07.2015

Mandatory private pension funds (Pillar II) had an average yield of 8.71% last year, from 11.75% in 2013, and reached total assets of RON19.1 billion (EUR4.26 billion) in December 2014, 37% higher more

12.04.2014

Assets managed by private pension funds in Romania reached RON18.8 billion at the end of September, up 27.12% from the end of 2013, and account for 2.8% of Romania's gross domestic product, according more

10.13.2014

Youths are uniformed or uninterested in private pensions, as in 2014 alone, 80,000 persons were randomly distributed to one of the eight pension funds as they had no option, Ileana Ciutan, head of more

10.13.2014

The problems on the capital market and insurance market have started to affect the credibility of private pension funds, which is a cause for concern, Ion Giurescu, vice-president of Romania's more

09.24.2014

Half of Romanians believe "someone else" must ensure they have decent pensions upon retirement, particularly the state, which explains' people's low interest for the private pension system, an online more

09.23.2014

Misu Negritoiu, head of Romania's financial regulator ASF, said Tuesday it is good for Romanians to contribute to private pension funds, whether or not they expect to eventually live off that money, more

04.23.2014

The total profit of the eight mandatory private pension funds (Pillar II) in Romania reached RON1.25 billion in 2013, up 59% on the year, according to data released by fund administrators. more

04.09.2014

Romania and other economies that introduced and preserved the second pension pillar should be congratulated for their initiative, particularly considering that the population is aging steadily and more

03.07.2014

Romania’s new Ponta III Cabinet pledges to support the development of a durable pension system based on individual savings accounts, according to the new governing program. more

02.14.2014

The average monthly net salary is set to increase by at least 5% in 2014 and 2015, while the average monthly pension is expected to exceed EUR200 in 2014 and to go up by 4.5% in 2015, the Romanian more

01.27.2014

Private pension funds in Romania will have around EUR500 million in the next two years to invest in public offerings and corporate bonds, Raluca Tintoiu, general manager of ING Pensii, said Monday. more

01.06.2014

The average yield of Romania’s mandatory private pension funds (Pillar II) reached a three-year high of 11.75% in 2013, and their total net assets stood at 13.94 billion lei (EUR3.1 billion) in more

11.27.2013

Romania’s mandatory (Pillar II) private pension funds will cash contributions of EUR870 million in 2014 and reach net assets of EUR4.2 billion at the end of next year, from EUR2.96 billion on more

11.07.2013

Contributions to the mandatory private pension system (Pillar II) will increase from 4% to 4.5% of employees’ gross income in 2014, according to Romania’s draft state budget for next year, more

11.04.2013

Romanian Prime Minister Victor Ponta Monday said all pensions will be increased by 3.76% in 2014. more

09.26.2013

Romania’s Financial Supervision Authority (ASF) said Thursday it has not identified any problems with shares held by private pension funds and their assets are safe. more

08.27.2013

The Romanian government approved a bill Tuesday stripping magistrates found guilty of corruption of special service pensions. more

07.10.2013

Mandatory and voluntary private pension funds in Romania registered average annual yields of 11.4% and 9.4%, respectively, over the past five years and their assets reached 12.2 billion lei (EUR2.75 more

03.07.2013

Private pension funds in Romania should already start finding a balance between the amounts engulfed by the system from participants’ contributions and the amounts to be paid as pensions at some more

02.21.2013

The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 10.61 billion lei (EUR2.41 billion) at the end of January, up 3.62% from December 2012, private more

02.01.2013

The gross minimum wage in Romania has been increased by 50 lei (EUR11.4) Friday to RON 750 and will be further raised to RON800 in July. more

01.29.2013

The Romanian Chamber of Deputies adopted Tuesday the emergency ordinance on amending the public pensions system, which sets the pension point value to 762.1 lei (EUR175) in 2013. more