Private pension funds' assets up two-fold, to EUR 835 million

The net assets of the nine privately managed pensions funds in Romania reached EUR 835 million in July this year, which is a 49.2 percent increase compared to December 2009, according to the Private Pensions System Surveillance Commission. The value of private pension funds assets has increased two-fold compared to June 2009. There were 5 million people included in the privately managed pensions funds in July this year, an increase of 3.2 percent compared to December 2009. More than half of the participants are aged between 35 and 39. EUR 32 million were sent to private funds in July this year, a drop of 1 percent compared to a month before and up 26.7 percent compared to June 2009.