ASTRA
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New Owners Of Rail Car Producer Astra Will Invest EUR10M In Upgrades In First Year
German investor Thomas Manns, who has bought Romanian railroad car manufacturers Astra Vagoane Marfa, Meva and Romvag, will invest up to EUR10 million in upgrades in the first year and will...
Astra OKs Insurer Setup In Georgia
The shareholders of Romanian insurer Astra (ATRA.RO) decided to set up an insurance-reinsurance company in Georgia and to contribute to its capital, the company said in a statement sent to t...
Omniasig And BCR Asigurari Unable To Beat Astra Despite Merger
Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below As...
Insurer Astra Eyes Georgian Market, Worth EUR140M In 2011
The shareholders of Romanian insurer Astra (ATRA.RO) on July 2 will discuss setting up an insurance-reinsurance company in Georgia and contributing to its capital.
Astra Asigurari Switches To Loss In First Quarter
Romanian insurer Astra Tuesday said revenue from underwritten premiums fell 11.7% on the year in the first quarter, to 295.65 million lei (EUR66.57 million), while its bottom line turned neg...
Astra To Insure Tarom's Fleet For Sixth Straight Year - Sources
Astra Asigurari has won the auction to insure the fleet of Romanian state-owned airline Tarom for the sixth consecutive year, people close to the matter told MEDIAFAX.
CSA Authorizes New Chairman Of Astra Asigurari
Romanian insurance regulator CSA has authorized a proposal by the shareholders of Astra Asigurari making Alexander Adamescu the new chairman of the board, replacing Radu Mustatea, who steppe...
Major Insurers See Double-Digit Decline In 2011 Revenue
Nine of the top ten general insurance companies posted declines of up 25% of gross premiums written because of the lower sales of car policies. The only exception was Asirom, which posted 40...
Romanian Industrialist Will Deliver Railroad Cars To Brazil In EUR100M Contract
Valer Blidar, one of the leading Romanian industrialists, who controls railway car producer Astra Vagoane Calatori and founder of Banca Comerciala Feroviara, has won a EUR100 million contrac...