Private pension funds in Romania, assets up to RON 155.49 billion in September
As of September 30, 2024, there were 9.03 million participants enrolled in the 17 private pension funds, compared with 8.86 million at the end of the previous year.
As of September 30, 2024, there were 9.03 million participants enrolled in the 17 private pension funds, compared with 8.86 million at the end of the previous year.
Intesa Sanpaolo recorded significant growth in commissions, up 9% compared to 2023, with acceleration in Q4. Insurance income reached an all-time high, increasing by 4%.
The plans include an issuance in Bulgaria in Q1 2025, ranging between 10-20 million euro, followed by a possible pilot issue in the Romanian or Greek market by mid-summer.
A key challenge in 2024 was the partial removal of tax incentives for the IT industry, resulting in a sharp rise in operational costs.
Significant investments were made in the development of an all-in-one online platform dedicated to offline advertising campaigns.
Romania is not the only country in this situation – in more than 50% of the world's states, the same thing happened, including at the European Union level.