pension funds

Romanian private pension funds should take more risks, Labor Minsiter Ioan Botis said Thursday at the Mediafax Talks about Private Pensions conference, adding different risk levels would ensure a more efficient asset management.

Private pension funds in Romania don’t have enough liquidity yet to invest in long-term treasuries and prefer short-term investments, Bogdan Dragoi, state secretary with the Finance Ministry, said Tuesday.

Romania’s private pension funds net assets, operating the mandatory and facultative segments, reached 1.31 billion lei (EUR1= RON4.1549) at the end of March, up 11.6% compared with end-February, according to the Surveillance Commission of the Private Pensions System CSSPP.