The Financial Supervisory Authority (ASF) and the National Bank of Moldova (BNM) signed on Friday a cooperation agreement for setting in place the necessary framework for the exchange of information and technical assistance regarding insurance licensing/authorization, regulation and oversight, with a view to protecting consumer rights and interests."Since I took office, I have paid particular attention to developing relations with the National Bank of Moldova by initiating or speeding up joint initiatives. With the Republic of Moldova actively engaged in the EU accession process, we intend to remain an aggregator of support provided to the BNM. We have maintained a constructive dialogue on the interconnection of our capital markets and have been actively involved in the Twinning project, providing assistance in the process of modernizing insurance legislation. Recently, we have also signed a financial education cooperation protocol as a basis for expanding our co-work for the professional training of experts and increasing the financial inclusion rate in the Republic of Moldova. This new insurance cooperation protocol marks a natural step in deepening the relations between our institutions and reflects the joint commitment to developing a solid and transparent financial framework, in line with the best international practices," ASF president Alexandru Petrescu said, as cited in a release.The cooperation protocol aims to promote the integrity, stability and efficient functioning of the financial sector and of the insurance market in particular, in the two jurisdictions, and will open new perspectives for cooperation as the Republic of Moldova's is getting its legislative and supervisory framework in line with EU norms and standards.The two authorities also expressed their intention to cooperate on experience exchanges and professional training activities, with the goal of contributing to the consolidation and development of the regulatory and supervisory framework in the insurance sector.The Financial Supervisory Authority is Romania's national authority responsible for the regulation and supervision of the insurance market, private pensions and the capital market, set up in 2013 by OUG 93/2012 approved by Law 113/2013.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
