The life insurance market in Romania grew by 16% in 2024 compared to the previous year, with this type of insurance ranking among the top interests of Romanian consumers, according to an analysis by UNSAR released on Tuesday.Over 37,000 Romanians who saved and invested through life insurance policies received the benefits stipulated at policy maturity - the point at which the contract reaches its term."The fact that tens of thousands of Romanians have reached the end of their contracts and received benefits is clear proof that life insurance is not just an act of protection, but also a gesture of financial responsibility. It also reflects that Romanians increasingly understand the value of long-term planning and financial prevention," said Alexandru Ciuncan, UNSAR President & CEO, as quoted in the release.Moreover, in an ever-changing economic context, interest in long-term financial protection and planning tools is on the rise. Life insurance remains among the top types of insurance Romanians are interested in, according to the latest UNSAR-IRES Barometer.The development of the market reflects a trend toward maturity and growing concern for both individual and family financial stability, the organisation states."These figures confirm that life insurance is a key pillar in the architecture of well-being. It's encouraging to see that more and more Romanians are becoming proactive in managing their long-term financial resources. We will continue to promote financial education and encourage healthy financial habits," said Roxana Baluta, Life & Health Insurance Specialist and Program Coordinator at UNSAR.
Romanian president Nicușor Dan confirmed on August 20 that he is likely to pay an official visit to the United States early next year, provided preparations proceed as planned. A few days ago, foreign minister Oana Țoiu said that president Dan is expected to visit the United States and meet with president Donald Trump in the […]
European allies are pressing the United States to deploy F-35 fighter jets to Romania as part of future security guarantees for Ukraine, The Times reported, citing discussions among senior military officials. Romanian outlet
Romanian croissant producer Derpan SA has raised EUR 2 million through a private bond placement brokered by brokerage house Goldring SA, the company announced on August 20. The secured, euro-denominated bonds mature in 2030 and carry an annual coupon of 11%, Ziarul Financiar reported. ...
Romanian banks’ aggregated profit (EUR 752 million) and profitability ratios in Q2 remained around those seen in Q1, meaning slightly below the performance in the same period last year, according to data published by the National Bank of Romania (BNR). The non-performing loans (NPL) ratio, however, rose slightly to 2.8% at the end of June, […]
The Foreign Direct Investment Review Commission (CEISD) confirmed on August 20 that it had decided not to approve the transaction by which Hungarian state-owned MVM intends to acquire the gas and electricity supply division of E.ON Energie Romania. "Following the conclusions resulting from the detailed research procedure, CEISD decided to submit to the Supreme Council […]
Deputy prime minister Tanczos Barna stated on August 20, speaking for Digi24, that following the public administration reform included in the second package of fiscal measures, 40,000 positions in local and central administration will be abolished. The figure is not included in the substantiation note published by the Development Ministry along with the bill on […]
