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.
The fourth edition of Run for Life, a charity sporting event dedicated to supporting mothers and children in need, will take place on September 27 in Dumbrava Vlăsiei, with routes set in the forests of Codrii Vlăsiei near Snagov. The event aims to raise funds for the construction of the Maternal Life Call Center, which […]
Bucharest will host five nights of free classical music performances this month as the sixth edition of the George Enescu Festival Square opens on September 17 in the heart of the Romanian capital. The event, organized by ARCUB, the Cultural Center of the Municipality of Bucharest, in partnership with ARTEXIM under the Ministry of Culture, […]
Bullying has overtaken financial concerns as the top worry for Romanian parents sending their children back to school, according to the “Back to School 2025” study released Friday, September 5, by independent research agency MKOR. The survey showed that 38% of parents cite bullying as their greatest fear, ahead of the weight of schoolbags (33%) […]
The Romanian government approved a decision on Thursday, September 4, to relocate 300 refugees to the country between 2026 and 2027, reaffirming its commitment to the European Union’s humanitarian and migration policies. According to the official statement, the refugees will include Sudanese, Eritrean, and South Sudanese nationals currently residing in Egypt and Kenya. The relocations […]
Romania's president Nicusor Dan, in an interview for Antena 1 TV station, said the stable government is his main achievement in the first 100 days in office, evaluated his performance at 7-8 out of ten, and described his relationship with prime minister Ilie Bolojan (a topic on the last days' agenda) as "correct" without denying […]
Romania's High Court (ICCJ) decided on September 4 to refer to the Constitutional Court the draft law regulating the magistrates' retirement and pensions, a bill that prime minister Ilie Bolojan sees as critical for his staying in office. The draft law is one of the five filed by the government to Parliament on September 1 […]
