





ING intakes the first fines on Romania's private pensions market - over 1.38 million Ron
Authorities told HotNews.ro that the fines exceed 1.38 million Ron and are the first on the market. The two companies outsourced their administrative and investments activities towards a Dutch company even if the Romanian law forbids this.
The institution's communication director Dan Zavoianu declared for HotNews.ro that ING misapplied the law and was sanctioned accordingly.