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.
The service center for the banking Societe Generale Group, the Societe Generale Global Solution Centre, announced the appointment of Laurent Mirjol as Chief Executive Officer, effective June 1, 2025. The new CEO will oversee the activities and develop the strategy of Societe Generale Global Solution Centre Romania. With over 20 years of experience in the […]
During a press conference held on Monday, July 14, Romanian president Nicușor Dan defended the recent tax hikes enacted by the government, underlining the need to reassure creditors and lower the country’s public debt. Nevertheless, he said that the VAT increase was decided by the government. In the presidential campaign, then-candidate Nicușor Dan promised to
The famous Pompidou Center in Paris will organize a retrospective of the complete works of Romanian director Radu Jude between September 23 and October 11. The retrospective brings together films made over twenty years by the prolific Romanian director. The event will open and close with two of the most recent films, namely “Kontinental 25” […]
Romanian president Nicușor Dan presented the expenses incurred in the electoral campaign and who the main donors were during a press conference on Monday, July 14. Over the first and second rounds of the presidential elections, Dan's campaign spent over RON 60 million (EUR 12 million), and the biggest individual donors were Măriuca and Florin...
Haleon, a global leader in consumer health, has appointed Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster. With a strong background in FMCG, consumer healthcare, and supermarket retail, Kaskas brings extensive experience in managing billion-dollar portfolios and leading business transformations, the company said. Before this role, Kaskas was responsible for […]
Vadoo Fest returns on August 21–24 to the meadows of Vadu Oii, Buzău County, with a new edition that invites participants to slow down and reconnect. Now in its seventh year, the festival promises a special experience rooted in nature, music, and human connection. This year’s line-up blends depth and groove, featuring Grammy-winner Judith Hill, […]
