The Financial Supervisory Authority (ASF) and the National Bank of Moldova (BNM) signed on Friday a cooperation agreement for setting in place the necessary framework for the exchange of information and technical assistance regarding insurance licensing/authorization, regulation and oversight, with a view to protecting consumer rights and interests."Since I took office, I have paid particular attention to developing relations with the National Bank of Moldova by initiating or speeding up joint initiatives. With the Republic of Moldova actively engaged in the EU accession process, we intend to remain an aggregator of support provided to the BNM. We have maintained a constructive dialogue on the interconnection of our capital markets and have been actively involved in the Twinning project, providing assistance in the process of modernizing insurance legislation. Recently, we have also signed a financial education cooperation protocol as a basis for expanding our co-work for the professional training of experts and increasing the financial inclusion rate in the Republic of Moldova. This new insurance cooperation protocol marks a natural step in deepening the relations between our institutions and reflects the joint commitment to developing a solid and transparent financial framework, in line with the best international practices," ASF president Alexandru Petrescu said, as cited in a release.The cooperation protocol aims to promote the integrity, stability and efficient functioning of the financial sector and of the insurance market in particular, in the two jurisdictions, and will open new perspectives for cooperation as the Republic of Moldova's is getting its legislative and supervisory framework in line with EU norms and standards.The two authorities also expressed their intention to cooperate on experience exchanges and professional training activities, with the goal of contributing to the consolidation and development of the regulatory and supervisory framework in the insurance sector.The Financial Supervisory Authority is Romania's national authority responsible for the regulation and supervision of the insurance market, private pensions and the capital market, set up in 2013 by OUG 93/2012 approved by Law 113/2013.
Low-cost airline Wizz Air, a major operator in Romania, announced the largest expansion of its network in the country so far for the 2025 winter season on Thursday, August 14. The expansion includes 15 new routes from all over Romania to destinations in the EU. The new routes will connect Bucharest Otopeni, Cluj-Napoca, Iași, and […]
Social and political activists within the Declic Community have contested the appointment of controversial judge Lia Savonea as president of the High Court in Romania with the Superior Council of Magistracy, or CSM. The motion to contest Savonea’s appointment is based on several irregularities in the appointment process. The legal action is supported by a […]
The official teaser for The Yellow Tie/Cravata Galbenă, a biographical drama inspired by the life of famed Romanian conductor Sergiu Celibidache, was released on Thursday, August 14. The film stars John Malkovich alongside Miranda Richardson, Ben Schnetzer, Kate Phillips, Sean Bean, Anton Lesser, and Charlie Rowe. Covering more than seven decades, the film follows Celibidache's […]
According to data from the Ministry of Education's report on the state of higher education in Romania, for the years 2022–2023, only 1,948 out of a total of 240,000 teachers in state education in Romania have completed postgraduate studies and courses. As such, only 0.8% of all teachers at the national level follow advanced forms […]
Romanian border police announced on August 13 that they had seized 473 mobile phones suspected of being counterfeit, with an estimated value exceeding RON 3 million. The discovery was made the day before, on August 12, during a routine patrol near the Nădlac border area. ...
Seven performances from the OFF Avignon Festival, one of the world's largest theater events, will be held at the International Shakespeare Festival in Craiova in 2026, following the establishment of a partnership between the two. The official launch conference of Shakespeare Of(f) Avignon, which took place at the Village du OFF, was attended by H.E. […]
