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Altex’s NBFI Credex Gets Payment Institution License
Credex IFN, a non-banking financial institution (NBFI) of the Altex Group, the leading computer and electronics retailer in Romania, has secured a license to operate as a payment institution from Romaia’s central bank, the company announced.
Financial Regulator Withdraws License Of Insurer Euroins Romania
Romania's financial regulator ASF announced on Friday (March 17) that its board decided to withdraw the operating license of Euroins Romania, part of Bulgaria's Eurohold Group, for failing t...
RCS&RDS and Invite Systems to Pay Over EUR40M in Licensee Fees After 5G Auction
Romania’s communications market regulator ANCOM on Tuesday announced the auction for the allocation of radio spectrum (5G) had been finalized and the two bidders - RCS&RDS and Invite Systems...
Uniqa Asigurari Getting Ready to Exit Auto Liability Insurance Segment in Romania
Uniqa Asigurari is getting ready to leave the auto liability insurance (RCA) market and has filed a request to have its license for that revoked to the relevant authorities, Valentin Coroiu,...
Revolut Gets Banking License in Romania
Revolut, the financial app with over 15 million users worldwide, has been granted a banking license in Romania, which means customer deposits of up to EUR100,000 are now guaranteed under the...
Financial Regulator Revokes Certasig's License, Starts Bankruptcy Procedures
Romania financial regulator decided on February 19 to revoke the license of insurer Certasig for failing to cover minimum capital requirements, the institution said Thursday.
Grawe Romania Gets Licensed To Enter RCA Market
Grawe Romania, part of Austrian group Grawe, was licensed by the Financial Supervisory Authority (ASF) to sell mandatory car insurance policies (RCA) and voluntary car insurance (Casco).
Astra Insures ROMATSA Employees For RON6.6M In Case Of License Or Brevet Loss
Romanian air traffic services administration ROMATSA will pay insurer Astra RON6.59 million to insure its employees in case of loss of license, brevet or functioning certificate.
OMV Petrom To Drop 30 Marginal Fields
Romania's only oil and gas producer OMV Petrom (SNP.RO) is dropping 30 onshore productive fields, which have a marginal contribution to its total production, up to 0.6%, saying they might be...