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Minister of Economy: By the project to amend GEO 114, we want to reach, in 2021, a free market

The Government will revise part of the GEO 114 provisions, which caused significant shocks in a few sectors, such as the private pensions or banking system. Finance minister Florin Citu said on Friday that the capital requirements imposed to the Private Pension Pillar II administrators will be annulled, but also the provision that the contributors to this system should be able to transfer their future contributions exclusively to the public pension ...

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