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10:40, 22.03.2024

Western banks warn of risks in EU plan to grab Russian assets, sources say

Western banks warn of risks in EU plan to grab Russian assets, sources say

Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly litigation, according…




10:20, 04.03.2024

Assets of privately managed mandatory pension funds at RON 128.73 billion as of end-January

Assets of privately managed mandatory pension funds at RON 128.73 billion as of end-January

The assets held by Romania's privately-managed pension system (Pillar II) stood at RON 128.73 billion end-January 2024, up 28.5 Year-over-Year, the Financial Supervisory Authority (ASF) reports. "To an extent of…




11:40, 13.02.2024

EU takes a step closer to using frozen Russian assets profits for Ukraine

EU takes a step closer to using frozen Russian assets profits for Ukraine

The European Union has moved toward using the profits from frozen Russian central bank assets to finance Ukraine’s reconstruction with the adoption of a new law on Monday, according to Euractiv. The move, in line…




14:30, 30.01.2024

EU moves slowly toward using profits from frozen Russian assets to help Ukraine

EU moves slowly toward using profits from frozen Russian assets to help Ukraine

European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow’s…




11:01, 26.01.2024

Europe must not weaponize euro, ECB policymaker warns

Europe must not weaponize euro, ECB policymaker warns

The euro zone should not weaponize its own currency in a global conflict as that could ultimately undermine it, an influential European Central Bank policymaker said on Friday, just as the EU was contemplating…




14:11, 23.01.2024

EU moves ahead on plan to tax profits of frozen Russian assets

EU moves ahead on plan to tax profits of frozen Russian assets

The European Union is progressing with plans to apply a windfall tax to the profits generated by frozen Russian central bank assets while opting not to seize the immobilized money outright, according to Bloomberg.…




13:20, 23.01.2024

Assets of privately managed mandatory pension funds at RON 121.56 bln as of end-November

Assets of privately managed mandatory pension funds at RON 121.56 bln as of end-November

Assets of privately managed mandatory pension funds at RON 121.56 bln as of end-NovemberTotal assets held by Romania's privately-managed pension system (Pillar II) stood at RON 121.56 billion as of end-November…




12:31, 23.01.2024

Optional pension funds, assets of 4.54 billion RON, in November 2023

Optional pension funds, assets of 4.54 billion RON, in November 2023

Optional pension funds, assets of 4.54 billion RON, in November 2023Optional private pension funds (Pillar III) had assets worth 4.54 billion RON, at the end of November 2023, an increase of 27% compared to the…




19:30, 05.12.2023

Uranium Concentrate Processing Factory purchases assets related to technological flow of R Plant in Feldioara

Uranium Concentrate Processing Factory purchases assets related to technological flow of R Plant in Feldioara

The Uranium Concentrate Processing Factory, a subsidiary of Nuclearelectrica SA, has purchased, in a tender organised by the bankruptcy administrator of the National Uranium Company (CNU), the assets related to…




12:26, 03.12.2023

Optional pension funds, assets of 4.42 billion RON in October, up by 32%

Optional pension funds, assets of 4.42 billion RON in October, up by 32%

Optional pension funds had assets worth 4.42 billion RON, at the end of October, up 32% compared to the level recorded on the same date of the previous year, according to a report by the Financial Supervisory Authority…




19:55, 28.11.2023

President Iohannis promulgates law regarding the invetory of assets, liabilities and equity of deputies, senators

President Iohannis promulgates law regarding the invetory of assets, liabilities and equity of deputies, senatorsPresident Klaus Iohannis on Tuesday promulgated a normative act amending the Accounting Law no. 82/1991,…




13:50, 26.10.2023

Russia’s frozen cash earns €3 billion as EU haggles over how to tap it

Sanctioned Russian assets frozen in Belgium have generated nearly €3 billion in profits as European Union states continue to haggle over what to do with the money, according to Bloomberg. Euroclear results released…




13:15, 04.10.2023

CIJ and ActiveWatch, after Libertatea and GSP journalists accused Ringier group of editorial pressure: “Independence from editorial interference and loyalty…

The Center for Independent Journalism and ActiveWatch express their solidarity with the more than 70 journalists of Gazeta Sporturilor (Sports Gazette) and Libertatea (The Liberty), who publicly reported on Tuesday…




13:11, 26.09.2023

Tax bill provides for new excise duties, special tax on high-value assets

Tax bill provides for new excise duties, special tax on high-value assetsThe latest tax bill to secure Romania's long-term financial sustainability published in full on Tuesday on the government's website, provides,…




08:45, 17.07.2023

July 17 in history - 1810 - Birth of August Treboniu Laurian, noted culture personality of the 19th century

July 17 in history1810 - Birth of August Treboniu Laurian, noted culture personality of the 19th century, historian and political man, one of the famous leaders of the Revolution of 1848-1849 in Transylvania, founding…




15:35, 15.07.2023

Stefan cel Mare University of Suceava becomes third time European men's handball university champion

On Friday, the Stefan cel Mare University of Suceava became, for the third time, the European men's handball university champion, according to a CSU Suceava social media post, Agerpres reports.In the men's final…




14:45, 15.07.2023

'Poseidon 2023' exercise starts in Constanta

The port of Constanta on Saturday hosted the opening ceremony of the "Poseidon 2023" exercise, in which 750 soldiers from nine countries are participating, Agerpres reports. CITESTE SI Computer science R&D organisation…




13:50, 15.07.2023

Assets worth over RON 12 million lei impounded on July 14 at border checkpoints

On Friday, July 14, assets of an estimated value of RON 12,224,000 were impounded at Romania's border checkpoints, Agerpres reports. CITESTE SI Two copies by Brancusi, as famous as the originals, after being stolen,…




15:45, 10.07.2023

Assets of privately managed mandatory pension funds at 107.43 bln RON this May

Total assets held by Romania's privately-managed pension system stood at 107.43 billion RON as of end-May, up 22 percent YoY, the Financial Supervisory Authority (ASF) reports.To an extent of 91 percent, investments…




08:45, 16.05.2023

Evergent Investments records net result of 2.41 million RON in first trimester

The investment company Evergent Investments recorded, in the first three months of this year, a net result of 2.41 million RON, composed of 4.6 million RON loss and 7.01 million RON net gain from the sale of financial…




18:25, 20.04.2023

Government approves mechanism for extinguishing fiscal obligations of industrial assets that ensure energy supply

On Thursday, the government approved a mechanism regarding the extinguishment of the fiscal and budgetary obligations of some industrial assets that ensure the supply of thermal energy in a centralized system."The…




15:55, 12.04.2023

Financial assets of public administration sector decrease to 24.1% of GDP, in Q4 2022

The financial assets of the public administration sector decreased in the last quarter of 2022 by 1.8 percentage points, compared to the similar period of the previous year, reaching 24.1% of GDP, according to…




09:11, 21.03.2023

Euroins has enough assets to make payments in the next three weeks (Eurohold)

The Euroins company is fully covered and has enough assets to continue making payments in the next three weeks even if it has no income, said Monday, in a press conference, the chairman of Eurohold, Assen Hristov."The…




12:45, 20.03.2023

The most suitable assets to save your money are listed shares and bonds

Money must be saved in an efficient way, to be placed in the most suitable assets, such as listed shares and bonds, the general director of the Bucharest Stock Exchange (BVB), Adrian Tanase, said on Monday."Unfortunately,…




14:30, 17.03.2023

Eurohold says supervisory authority decision on Euroins represents hostile takeover of Romanian subsidiary assets

Eurohold management finds that the Financial Supervisory Authority (ASF) decision on Euroins represents "a hostile takeover of the Romanian subsidiary assets" and announces that it will start the process of challenging…




10:10, 09.03.2023

Italy’s Enel to sell Romanian assets to Greece’s PPC for € 1.26 bln

Italy‘s biggest utility Enel Spa on Thursday said it will sell its Romanian operations to Greece‘s Public Power Corp (PPC) for 1.26 billion euros as part of efforts to cut debt and focus on cleaner energy, according…




08:56, 06.03.2023

Mandatory private pension funds reach assets of 100.17 billion RON in January

Mandatory private pension funds (Pillar II) had assets worth 100.17 billion RON at the end of January, up by 11.75% compared to the level recorded at the same date in 2022, according to the statistics of the Financial…




15:20, 08.02.2023

Value of impounded assets by organised crime prosecutors in 2022, up eight times from 2021

Deputy Chief Prosecutor of the Directorate for Investigating Organised Crime and Terrorism (DIICOT) Oana Daniela Patu, who is also in charge of DIICOT, said on Wednesday that in 2022 the total value of impounded…




23:05, 31.01.2023

Total value of private pension funds' assets - 92.5 billion RON at end-2021

The total value of the assets of the two pillars of private pensions, mandatory (Pillar II), and optional (Pillar III), was 92.478 billion RON, at the end of 2021, registering an increase of approximately 19% compared…




15:20, 26.01.2023

EU sees legal grounds to use seized Russian central bank assets

European Union member states have been told the bloc has the legal authority to temporarily leverage at least €33.8 billion of Russian central bank assets to help pay for the reconstruction of Ukraine, according…