pension Pillar II

The private mandatory pension funds had assets worth over RON 53.41 billion on May 31, 2019, up by 24.18% against the same month of the previous year, according to the data provided by the Financial Supervisory Authority (ASF). The state…

European Commission representative Isabel Grilo said on Friday that pension increases "have generated deviations and have increased public debt." To counterbalance this situation that could lead Romania to collapse, the European…

The assets of the mandatory private pension funds amounted to RON 52.26 billion on April 30, 2019, up by 21.42% against the similar month last year, the Financial Supervision Authority (ASF) informs on Monday. The state securities have…

The Government will amend next week the Emergency Ordinance 114 through a new emergency ordinance and one of the main changes will be the setting of ROBOR according to interbank and daily transactions in the previous quarter, Finance…

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 to…

The majority of the 7 administration companies of Pension Pillar II consider withdrawing from Romania, central bank’s Chief Economist Valentin Lazea said on Monday, at the Romanian Stock Market Summit. “As far as I understand from the…

The Coalition for Romania’s Development (CDR), representative for the business environment, have sent a letter to Prime Minister Viorica Dancila, a last attempt to stop the adoption of an emergency ordinance on fiscal amendments, recently…

National Bank of Romania (BNR) spokesman Dan Suciu says the impact of the "tax on greed" on credit can be significant if it is approved in the proposed formula. "We do not have yet an assessment of the impact of these measures (the…

PSD chairman Liviu Dragnea has warned the representatives of large companies to stop ‘blackmailing the Romanian state’, following the information related to the Government emergency ordinance that will introduce new fiscal measures.…

The emergency ordinance introducing new taxes will be discussed in an extraordinary Government sitting on Friday, until then the text is subject to amendments by the Finance Ministry, digi24.ro reports. Initially, sources said the ordinance…