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Financial Watchdog Fines Insurer Euroins Romania Over RON2M
Romania's financial supervisory authority has fined insurer Euroins Romania a total of over RON2 million for irregularities found at a check-up conducted in July-September.
Number of Insurance Contracts Grows 3.4% in 1Q/2020
Insurers in Romania recorded more than 15.7 million policies at the end of the first quarter of 2020, up 3.4% compared with the same period in 2019, financial watchdog data showed.
Romania Insurance Companies’ Gross Underwritings Grow 8.8% YoY To RON2.95B In Q1/2020
Insurance companies in Romania underwrote gross premiums of RON2.95 billion in the first three months of 2020, up 8.8% year-over-year, the country’s Financial Supervisory Authority (ASF) sai...
Financial Watchdog Assures Private Pensions Are Safe Despite Market Turbulence
Romanian's private pension contributions are safe as the system is built for the long run, with 30-40 years of saving and balanced and cautious investment plans, which shields it from short-...
Romanian Financial Watchdog Lowers Taxers and Fees by 25%
Romania's financial supervisory authority decided in a meeting Tuesday to lower by 25% all taxes, commissions and fees owed by supervised and regulated entities.
Financial Regulator Authorizes New Board of Bucharest Stock Exchange
Romania's financial regulator ASF has authorized the new board or directors of the Bucharest Stock Exchange (BVB.RO), which operates the Romanian stock market, the operator said in a stateme...
Insurer Euroins Gets New Board Of Directors As Of March 16, 2020
Insurance company Euroins has already discussed with the Insurance Supervisory Authority (ASF) the proposals for the new members of the Board of Directors, considering that the appointment o...
Romania Insurance Market Sees Gross Underwritings Of Nearly RON11B In 2019, Up Over 8% YoY
Romania’s insurance market grew over 8% in 2019, the largest growth of the last three decades, reaching underwritten gross premiums of nearly RON11 billion, Cristian Rosu, vice-president of...
Net Assets of Investment Funds in Romania Reach RON48.1B in November
The net assets of the 219 domestic and foreign open-end and closed-end investment funds operating in Romania grew 2.1% in November, to RON48.1 billion, up 14.7% since the beginning of the ye...