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How many customers will join mandatory private pensions?
The number of customers will have a crucial impact on the contribution accumulation pace and implicitly on these funds' early performance, say management companies. These have recently upwar...
How big will a person's private pension be?
For a Romanian now earning the economy-wide average gross wage, the lifetime private pension in the mandatory system (pillar II) is likely to range between 127 euros and 232 euros, depending...
How much will petrol cost in Romania with the oil barrel at $100?
Oil is heading towards the 100 dollars per barrel threshold most specialists had anticipated, after going beyond the 81-dollar record high this week. Are Romanian fuel consumers getting near...
NBR starts bank inspections to see how Basel II regulations are met
In September, the National Bank of Romania will conduct inspections in all banks, which operate as Romanian legal entities in order to see if the requirements of the Basel II accord, on adju...
Popa, BRD: Romanians don't know how to live from one debt to another
Mortgage credits taken for more than 30 years give the customer the wrong impression of having gained something, when actually a longer-term financing actually means the initial loan will do...
How insurance companies invest their money
Insurance companies on the domestic market put the bulk of their money into current accounts and bank deposits, so as to have cash readily available to settle potential claims, according to...
How to sell land on SE to avoid taxes
The management of SIF Transilvania, which controls the producer of metallurgic equipment Independenta Sibiu, intends to break up the company, which will involve the listing of the two new co...
How the state lost one billion euros from the Alro deal
Aluminium producer Alro Slatina, which was privatised in 2002 for 11.4 million euros, has now reached a market value of 2.5 billion euros. The state currently owns 10% of Alro, through the P...
How Fusu became a millionaire in euros from the Internet
Calin Fusu, 33, has recently become one of the youngest Romanian millionaires, through money he has made from the Internet, a business which the "old capitalists" of Romania refused to inves...