BVB indices and RON – steep fall after the announcement regarding Pension Pillar II

The main indices of the Bucharest Stock Exchange (BVB) have decreased by 4%, whereas the national currency has depreciated on Thursday to RON 4.57 per EUR.

The fall in values occurred after the information was released regarding the new governing programme, which changes dramatically the taxation rules and claims to dissolve the Pension Pillar II, one of the important capital providers in Romania, informs.

At 15.25h the BET index, of the most important 10 shares, has lost 2.4%, following a previous loss of 4%, whereas the BET-NG index, of energy bonds, has fallen by 3.8%, following a previous decrease by over 5%.

The brokers say the reason for the fall is the news regarding Pension Pillar II.

The private fund is said to have RON 40 billion under administration.

BET indexbrokersBucharest Stock Exchangeenergy bondsgoverning programmeindicesnational currencypension Pillar IItaxation
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