CSSPP estimating private pension funds' assets to reach 1.22 pct of GDP by end-2011

The assets of the privately-managed pensions funds in Romania are estimated to reach 1.22 percent of the Gross Domestic Product (GDP) by the end of the year, according to a recent analysis by the CSSPP Private Pension System Supervisory Board.The total value of the assets managed under the private pension system was standing at RON 6.2 billion (nearly 1.44 billion euros) as of September 30, 2010, RON 5.8 billion of which was with the mandatory privately-managed pension schemes and ...

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