Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Romanian private pension fund assets jump 19% in 2024 on year

Assets held by Romania’s seven mandatory private pension funds jumped 19% on the year to 150.85 billion lei ($31.15 billion) in 2024, with the average yield at 5.74%, slightly above the 5.1% annual inflation rate, the industry association said on Tuesday.

The European Union member state overhauled its communist-era pension system in 2008, making it compulsory for working Romanians under 35 to contribute to a “second pillar” of private pension schemes as well as their state pension.

Roughly 8.3 million Romanians contribute to the seven funds, which are the largest institutional investors on the Bucharest Stock Exchange.
The industry association said four scheduled elections in 2024 brought high volatility to fund yields.
Three consecutive ballots to elect a new president and parliament in the European Union and NATO state descended into chaos when a little-known far-right pro-Russian politician won the first presidential round on Nov. 24. Amid suspicions of Russian interference, the top court annulled the election in December. The ballot will be re-run in May.
Romanians will increasingly rely on private pensions, particularly after 2030 when just under 2 million people – a tenth of the population – born under a communist-era abortion ban will reach retirement age, a destabilising increase to the pay-as-you-go state pension system.
($1 = 4.8423 lei)
Read more @reuters