STATE BENEFIT - INCENTIVE FOR SAVINGS AND INVESTMENTS

The present paper aims to be an answer for many investors with financial powers, seeking financial instruments with yields above the average interest rate on the banking market. One such tool, fairly new to the Romanian banking market, has been implemented for about 14 years, and is becoming more an...

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Bibliographic Details
Published in:Annals of the University of Petroşani. Economics 2015-12, Vol.15 (2), p.63-70
Main Authors: Isac, Claudia, Guţă, Anca
Format: Article
Language:English
Subjects:
Banking
Banking industry
Beneficiaries
Building societies
collective home purchase savings and loan system
Economic crisis
Economic growth
Housing
Incentives
Interest rates
Investments
Loans
Market shares
saving period
Savings
Savings banks
Self help
state benefit
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Summary:The present paper aims to be an answer for many investors with financial powers, seeking financial instruments with yields above the average interest rate on the banking market. One such tool, fairly new to the Romanian banking market, has been implemented for about 14 years, and is becoming more and more an instrument for savings, investments or an aid in the purchase of a house. Regardless of the perspective presented in the table of contents, the incentive for choosing such a banking product is the state benefit, a form through which the administration creates the conditions necessary to update and develop the housing system. In the thesis I have explored aspects of legislation which, in such a short period of time have changed 3 times the amount and the method of granting the state benefit and I have also tried a quick historical and legislative evolution of the implementation of Bauspar system throughout Europe. It is pointed out that in comparison with other countries - namely Germany, England or Austria where this system is well-known and has been implemented for over 120 years - Romania is at the beginning of its journey, a fact proved especially by the number of signed contracts in relation to the number of inhabitants.
ISSN:1582-5949
2247-8620