Bulgarian group Eurohold announced that “it is engaged in advanced discussions with European Bank for Reconstruction and Development (EBRD)” for the sale of a minority stake in its insurance arm Euroins Insurance Group (EIG). Both parties approved the project. The deal remains subject to an agreement on and execution of final transaction documents and satisfaction of contractual conditions to closing. EBRD will contribute EUR 30 mln through a capital increase, and Eurohold will also participate in the capital increase with a further equity capital injection of up to EUR 12 mln. Euroins Insurance Group will use the raised funds predominantly for the development and growth of the largest insurance entity within the group - Euroins Romania Asigurare Reasigurare, and additionally, to strengthen the holding’s market positions in Southeast Europe. As for the Romanian subsidiary of EIG, Ziarul Financiar outlines an ongoing EUR 24.3 mln capital increase from the parent group to be endorsed on September 15, on the top of two similar capital increases worth a combined EUR 25.5 mln operated recently. EIG also prepares a EUR 8.1 mln capital injection to be financed out of a subordinated loan. All these would result in a EUR 57.8 mln capital contribution of EIG to its Romanian subsidiary over the past year.
Dacia Sandero was Europe’s top-selling car in July, the fourth monthly sales win for the small hatchback in 2025. The others came in January, February, and March. By outselling its competitors, the Sandero put an end to the three-month streak in which Renault Clio dominated this ranking, noted Autonews.com. After the first seven months of this […]
A 73-year-old motorcyclist was bitten by a bear on the famous Transfăgărășan mountain road on Saturday, August 23, according to the Argeș County Police Inspectorate. The incident took place in the Valea lui Stan area, on the road section between Poenari Fortress and Vidraru Dam. According to the police, the man “stopped on the road […]
Romania’s Foreign Ministry - MAE recently released a draft project to reintroduce a series of fees for consular services. The new fees will apply for certain categories of consular services at Romania’s diplomatic missions and consular offices abroad and will be published for public consultation on the MAE website. The new measures come as the government […]
Romania’s first bicycle path built on river dikes will be completed within three months, officials announced Sunday, August 24, in Bihor County, as reported by news agency Agerpres. Stretching 192 kilometers along the Ier, Barcău, Crișul Repede, Canalul Colector, and Crișul Negru rivers, the project...
Archaeologists have uncovered a remarkable treasure at the ancient site of Histria, shedding new light on daily life in the city during the Roman era, the National Museum of History of Romania (MNIR) announced. The discovery was made in the “Great Gate – Great Tower” sector, where a hoard of more than 40 coins and […]
Romanian tennis player Sorana Cîrstea jumped 41 places in the official Women’s Tennis Association - WTA ranking after winning the Cleveland tournament, which took place between August 16 and 23. The Romanian bested Anna Li 6-2, 6-4 in the Cleveland final, winning her third career WTA singles title. “It has been a wonderful week,” Cirstea […]
