Romania, region's no. 2 mandatory private pensions market

The Romanian private pensions market could become one of the most concentrated markets in the whole of Central and Eastern Europe. Regionally, one third of the funds on the market cumulate over 75% of the number of participants and of total net assets. With 3-3.5 million participants to the mandatory private pension funds (the 2nd pillar), Romania will soon rank second regionally in terms of the number of participants, after Poland (13 million participants) and ahead of Hungary (2.8 million). The local private pensions market could also become one of the markets with the highest concentration in the region. Even though the total number of participants to the private pensions system is only expected to attract 3 million people at the end of the initial campaign (January 2008), Romania will still be the second largest market in the region in terms of number of members of these funds, according to data centralised by ZF from the supervisory authorities on the Central and Eastern European markets.