The Financial Oversight Authority (ASF) has launched an online instrument that facilitates the process of authorization on the non-banking financial market which is part of the institution's strategy to digitize its activity, announced, on Thursday, the ASF.The new section of the Authorization heading, hosted on the Authority's website, makes available to those interested a list with all the necessary documents in the process of authorization on all three markets, as well as the normative acts that govern the process."As I promised since taking over my mandate, we bring new, digital solutions to come to the support of citizens, as well as companies. ASF must be an institution that works in the interest of the consumer, and this new online instrument represents one of the projects done in this sense," said the head of the Financial Oversight Authority, Nicu Marcu.The head of the ASF mentioned that, in the coming period, the new online section for the authorization process will have new value, becoming an interactive portal, where it will be possible to upload documents and use electronic signatures."ASF is transforming into a flexible, modern, digital institution. The interactions between us and stakeholders must be just a click away," said Nicu Marcu.The Financial Oversight Authority was established in 2013 through Emergency Ordinance 93/2012, approved by Law 113/2013, to regulate and oversee the insurance market, the private pensions market, as well as the capital market. ASF contributes to the consolidation of the integrated framework for functioning of the three sectors, which total over 10 million participants.
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
