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Pension Funds Still Losing Money.
(From Polish News Bulletin)
Open pension funds (OFE) have been noting losses since the beginning of 2008. They currently amount to 9.3 percent of their capital, and it is estimated that they may increase to 10 up to 15 percent by the end of the year. If the losses were calculated on the basis of funds gathered on OFE accounts at the beginning of the year, the sum lost would amount to ZL14-21bn. However, in the course of the year, the funds received additional ...
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