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.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
