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BNR Report: upward trend of privately managed pension funds continued in 2016 both for Pillar II and Pillar III

 The upward trend of privately managed pension funds continued in 2016 both for Pillar II and Pillar III, as a result of the increase in the number of contributors and of the low monthly disbursements to the beneficiaries, shows a report by the National Bank of Romania (BNR). "Nevertheless, regional comparisons show that Romania has the lowest level of intermediation in the region (assets to GDP ratio), and there's a similar situation for the number of ...

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