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.
Sibiu International Theater Festival (FITS) has announced for this year a program that is set to bring actors such as John Malkovich or Isabelle Adjani to the central Romania city. The 31st edition of the festival, which focuses this year on the theme of Friendship, takes place between June 21 and June 30. The tickets […]
Climate Change Summit, the event on climate change issues, will host at this year’s edition a competition rewarding transformative solutions addressing environmental challenges. The competition Climate Change Summit Awards targets individuals under 30 and small and medium enterprises from Romania and Central and Eastern Europe (CEE) developing ideas in the areas of energy, mobility, construction, circular economy, […]
A 53-year-old man from Sri Lanka, internationally wanted for a murder committed in Bucharest in 1991 and arrested in Germany at the beginning of this year, will be brought to Romania on April 23 to serve a 19-year prison sentence. The man will be brought to the country by an escort of the Romanian Police. […]
Romania will celebrate 20 years since joining NATO with an extraordinary concert to be held at the famous Andrew W. Mellon Auditorium in Washington DC, the very hall where the NATO Treaty was signed 75 years ago. The concert, titled 'Faith, Freedom and Friendship. Celebrating 20 years of Romania’s NATO membership', will take place on […]
The "I.C. Brătianu" Museum Centre in Buzău will host the first edition of the Slow Food Romania Conference on May 24. Organized by the Slow Food Buzău Community, the event brings together slow food communities in Romania as well as artisanal food enthusiasts from across the country. In addition to the conference, the artisan food market Piața Artizanilor will […]
The 12th edition of the Haferland Week, an event dedicated to promoting the culture and traditions of the Saxons of Transylvania, will take place this year between August 8 and 11. The theme of the 2024 edition will be 'History, tradition, and culture, yesterday and today in Haferland,’ as announced by the organizers, the M&V […]
