The insurance policy, which includes RCA mandatory car insurance, reaches 564,000 lei (EUR130.121) and will run for a 12-month period.

Insurers City Insurance and Carpatica Asig also bid on this contract.

At the end of March, Porsche Leasing Romania submitted the only offer within the auction set up by Posta Romana to award a contract estimated at EUR8.23 million, VAT included, for the purchase of 607 new and/or used vehicles, via financial leasing.

The leasing contract will run for three years.

Posta Romana is the largest postal services operator in Romania and has a network of 7,100 units.

The postal operator, which is 75% owned by the state through the Ministry of Communications and 25% by investment fund Fondul Proprietatea, is up for privatization and authorities expect bids by the end of May.

In 2011, Posta Romana’s turnover stood at of RON1.26 billion, down 8.7% on the year, and losses climbed 50% to RON182.9 million.

Astra is the largest insurance company in Romania, by last year’s revenues, followed by Omniasig VIG and Allianz-Tiriac Asigurari.

In 2012, Astra’s underwritten premiums rose 12.3% on the year to RON1.13 billion. (EUR1=RON4.3344)