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Government delays measures that risked blowing away the EUR 10 bln private pensions market to end-2019

The seven private pensions fund managers in Romania have won an extra 6-month period to stay in business as the government prepares to delay a key-measure imposed by the controversial emergency decree (OUG) 114/2018. According to OUG 114/2018, the seven Pillar II private pensions managers in Romania have to increase their total capital by RON 1.6 billion until the end of June and by RON 3.55 billion until the end of the year, a very high amount for a ...

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