Romanians have an appetite for saving, not investing

The Romanians have an appetite for saving, not investing and the reason lies in the low level of financial education and fear of risk, vice-president of the Financial Supervisory Authority Cornel Coca Constantinescu on Thursday told the insurers' annual conference titled "Challenge of the future: an insurance-covered Romania". The vice-president of the financial watchdog says that in 2016 the assets managed by open-end and closed-end funds amounted to a per ...

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