The chair of the Authority for Financial Supervision Misu Negritoiu was chosen for a two and a half year mandate as a member of the Board of the European Authority for Insurances and Occupational Pensions (EIOPA) according to a press release of ASF. The institution says that the decision was taken during the reunion in Frankfurt of 2 December 2015 of the Council of EIOPA supervisors (Board of Supervisors) the decision-taking forum of the Authority. Romania is represented for the first time at this level in the European authority for regulation, as well as ESMA (The European Authority for Markets and Securities) and EIOPA. ‘I am convinced that we could contribute significantly to the improvement of the European regulation framework, especially through the exercises which we developed for the first time on the regulated markets of Romania’ Misu Negritoiu said. The EIOPA board is made up of the chairman of the Authority and six members ( representatives of the supervision authorities in Belgium, France, Germany, Italy, Romania and Slovakia) out of the 28 members of the Council of Supervisors EIOPA. The Board of EIOPA proposes, for adoption, to the council of supervisors the annual and multi-annual working programme of EIOPA and approves and sends to the council of supervisors for adoption the estimate for income and expenditure for the following financial year. The European Authority for Insurance and Occupational Pensions is part of the European System for Financial Supervision and is an independent body with consultative role of the European Parliament, the council of the European Union and the European Commission. The main objectives of EIOPA are the promotion of the stability of the financial system, of the transparency of markets and financial products, as well as the protection of the owners of insurance policies, of the members of pensions schemes and their beneficiaries.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
