The first Romanian state-owned insurance company with a focus on individual customers should be launched as soon as possible, probably this spring, according to finance minister Adrian Caciu. According to sources familiar with the developments quoted by Economica.net, the initial capitalisation, some EUR 20-25 mln, will come from CEC Bank or a loan extended by Eximbank - the other state-owned bank. The insurer will offer a broad range of products for households, including third-party liability car insurance and home or property insurance. Designed by the Financial Supervisory Authority (ASF) together with CEC Bank, adopted and developed by the bank and promoted to all levels of Authority after the new leadership came into office in the summer of 2020, the project is now at the Ministry of Public Finance (MFP), which will he had the last word. Notably, there is already a state-owned insurer on the market, Eximasig, controlled by Eximbank, but the company focuses on companies, particularly those involved in foreign trade.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
