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Tag Archives: pension funds

Romanians may quit Pensions Pillar II as of today

The citizens who contributed to the Pension Pillar II can request the state, as of today, to cease paying the monthly contributions to the pension administrator, according to a law voted by the ruling coalition. The money may be paid ...

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PensionsEurope calls on Romanian Gov’t to safeguard the current legislative framework of private pensions, to continue the mandatory participation to the 2nd pillar

In a release issued on Wednesday, PensionsEurope calls on the Romanian Government to safeguard the Romanian private pension system’s design and warns that of great importance is also to continue the mandatory participation to the 2nd pillar. “It is important ...

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AHK: Private pension system, such as Pillar II, a necessity in current demographic conditions

A saving-based pension system such as Pillar II is a necessity if we take into account Romania’s demographic evolution, confirmed by the forecasts made by international bodies, the German-Romanian Chamber of Commerce and Industry (AHK Romania) shows in a press ...

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PSD’s Dragnea: Nobody’s pension is at risk, Pension Pillar II will not be nationalised

PSD chairman, Liviu Dragnea, says neither the Parliament, nor the Executive, is considering the nationalisation of Pension Pillar II. He said that those who contributed to private managed mandatory funds will lose nothing of the pension. “The Government and the ...

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FinMin Teodorovici announces that Romanians can opt between Pension Pillar I and II. RON 1.1bn less in Pension Pillar II

Minister of Public Finance, Eugen Teodorovici, said on Tuesday that Romanians can opt between Pension Pillar I and Pillar II, adding that the Government will discuss this issue. Finance Minister Eugen Teodorovici has assured that the state can efficiently manage ...

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Net average wage earnings up by 11.2pc in February y.o.y.

The net average wage earnings increased in February to RON 2,487, i.e. 11.2%, against February 2017, the National Statistics Institute informs on Wednesday. In January, the net average wage earnings increased by 8%, to RON 2,484, as compared to January ...

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Net nominal average earnings down by 5.5pc in January

The net nominal average earnings, in January, were of RON 2,484, down by RON 145 and 5.5% respectively, while the gross wage was of RON 4,143, the National Statistics Institute (INS) has informed on Tuesday. The highest net nominal average ...

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International Investment Bank bonds on BVB receive ratings from Moody’s and Fitch

Moody’s has rated at Baa1 the bonds issued by the International Investment Bank (IIB), and Fitch Ratings has rated them BBB-, according to information published on the website of the Bucharest Stock Exchange (BVB). “Moody’s Investor Service has rated these ...

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International Investment Bank drew EUR 65 M funding on Romanian capital market

International Investment Bank (IIB), Moscow-based international organization, has attracted RON 300 million (around EUR 65 million) on Bucharest Stock Exchange (BVB) through a bond issue with a maturity of three years and a coupon of 3.4 percent per year, a press ...

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