The Financial Supervisory Authority (ASF) sanctioned Euroins Romania Insurance - Reinsurance, after a verification that took place during the period of May-October 2021, with a total fine of 5.86 million RON and imposed the company measures to remedy the identified deficiencies.According to the legal provisions, within two months since the decision was received, the Euroins Romania Insurance - Reinsurance will send to ASF for approval a plan for recovery, with measures for reestablishing the level of own eligible funds that cover the required solvency capital (SCR) or for modifying the risk profile so that within 6 months the SCR will be respected again.ASF is the national authority, established in 2013 through Emergency Ordinance 93/2012, approved through Law 113/2013, for regulating and monitoring the insurance markets, private pensions, as well as the capital market. ASF contributes to the strengthening of the integrated framework of functioning of the three sectors, that sum up over 10 million participants.
Award-winning films or selections from the most important festivals of 2024-2025 will be shown in premiere in Romania at the 24th edition of the Transylvania International Film Festival (TIFF) in Cluj-Napoca between June 13 and 22. Some of the productions were shown at festivals like the ones in Cannes, Karlovy Vary, Venice, San Sebastian, Sundance, […]
George Simion, the leader of far-right party Alliance for the Union of Romanians (AUR) and Bucharest mayor Nicușor Dan, who is running as an independent, are the main favorites to win the upcoming presidential election, according to an IRSOP poll. George Simion would be voted by 31% of Romanians, while Nicușor Dan would receive 28% […]
Romania had in 2024 the highest share of emigrants among EU states, with 24% or 4.6 million people living abroad, as well as one of the highest volumes of remittances relative to GDP, namely 2.8% in 2023, according to an analysis by Alpha Bank. Romanians who left the country sent back around RON 13 billion […]
The third edition of the LYNX Festival, Romania’s first event dedicated exclusively to nature documentaries and photography, will open on June 4 in Brașov with the Romanian premiere of Europe – One Continent, Five Worlds, a sweeping nature series filmed over more than 1,000 days across 30 countries. The festival will run from June 4 […]
The Chinese car company with the largest international presence, Chery, will officially begin selling cars on the Romanian market this year, Profit.ro reported. Its local catalog is to include the Tiggo 8 SUV, the first model officially approved in the European Union, which will soon...
Independent candidate and Bucharest mayor Nicușor Dan, who is credited with a real chance to reach the run-off round of the presidential elections in Romania, said on Tuesday, April 15, that his official Instagram, Facebook, and TikTok accounts were under attack. According to the mayor, thousands of new followers and positive comments have appeared in […]
