Voluntary pensions are launched in Moldova

This event launches the private pension savings market, which was previously virtually non-existent in the country, despite a number of previous unsuccessful attempts to introduce voluntary pensions in Moldova. With the appearance of the first private pension fund, citizens have the opportunity to save for their old age on their own, in addition to the state pension. Contributions are exempt from taxation and will be capitalized to generate additional income in the future. Until now, Moldova’s pension system relied solely on...