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.
Exim Banca Românească will organize, in the coming period, a series of meetings with representatives of the business communities in the main economic centres of the country, an initiative that is part of the Bank’s strategic endeavour to strengthen the partnership with the business environment and to gather relevant market perspectives, to underpin the development […]
Romanian Border Police have seized roughly 22 kilograms of cannabis at Bucharest’s Henri Coandă International Airport (Otopeni) after discovering the drugs in the checked luggage of a 35-year-old Albanian citizen arriving from Athens, Greece. According to the official statement, officers from the Bucharest Airports...
The hacker inmate at Târgu Jiu Penitentiary who was able to modify sentences and detention conditions was assisted by a prison officer who provided the credentials used to log into the system, according to an investigation. The checks carried out by the Penitentiary Inspection Directorate indicated that the inmate’s unauthorized access to the IT systems […]
LIBfest 2025 takes place between October 21–26 and explores how reading evolves alongside technology. LIBfest, the book and cultural experiences fair organized by Libris.ro returns with an edition that examines how reading habits are being transformed in a world shaped by speed, technology, and AI. Between October 21 and 26, LIBfest 2025 brings together authors […]
Romanian technology executive Bogdan Putinică has been appointed Executive General Manager at Wonderful, a fast-growing global company specializing in agentic AI solutions for customer service. In his new role, he will oversee operations across 29 countries in Central and South-Eastern Europe and the CIS, the company announced. Putinicǎ will lead the company’s accelerated expansion and […]
Medicana, one of Turkey’s most prominent health groups, announced its entry in the Romanian market, along with the appointment of Ana Herkmen as head of the country office. The group operates 19 hospitals across Turkey and Europe, and treats more than 5 million patients worldwide. It has centers of expertise in oncology, organ and stem […]
