As regards the recruitment strategy, insurance market sources told ZF it envisages hiring two persons for the CFO and vice-president positions. The same sources mentioned the CFO position is set to be filled by a top official of Orange Romania.

The capital inflow indicates shareholders’ and investors’ long-term commitment to Euroins Romania and Romania’s insurance market, stated Tanja Blatnik, Euroins Romania CEO.

Beside this capital increase, Euroins Romania will benefit from the fourth capital increase, after the EBRD and Eurohold signed an agreement in line with which the EBRD takes over a minority stake, of below 10%.

(English version by Catalina Apostoiu)