Alexandru Petrescu, President of the ASF: Savings and Investment Accounts, a Bridge Between Citizens and the Capital Market
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5 Articles
Romania Approves Tax-Advantaged Investment Accounts; Savers Must Wait
Romania has approved a new kind of tax-advantaged investment account, but savers cannot open one yet. The Chamber of Deputies passed the measure on September 16 by 262 votes to zero, completing its parliamentary route; it still needs promulgation, publication and implementing rules from the Financial Supervisory Authority, or ASF. The final product is called…
Inspired by systems in the United States, the project is greening a long-term voluntary savings mechanism through the capital market.
Ziua de Vest
The Chamber of Deputies today adopted, as a decision-making forum, the law on savings and investment accounts. It is an important decision for Romania's financial market, but its significance must be seen primarily from the perspective of people and the way in which they can manage their economies in the long term. For citizens, the value of such an instrument [...]
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