SIGNAL IDUNA continues its expansion on the Romanian market and announces the signing on 1 November 2024 of the agreement for the acquisition of a majority stake in the Garanta Asigurari company, whose main shareholder is The Ethniki, Hellenic General Insurance Company, the no. 1 composite insurer in Greece. The acquisition of the majority stake in Garanta Asigurari company marks a significant step in SIGNAL IDUNA’s development strategy and makes a major contribution to strengthening its position on the local market. This transaction also underscores the strong sign of confidence of the German SIGNAL IDUNA Group’s confidence in the Romanian insurance market and in the activity carried out by the management team, focused on sustainable development and innovation within the insurance sector. The transaction will be completed following the receipt of the necessary approvals from the Financial Supervisory Authority (ASF) and the Romanian Competition Council, as well as the fulfillment of the conditions of sale agreed by the parties. Following the success recorded in 2021 through the acquisition and integration of the two ERGO companies, SIGNAL IDUNA continues and expands the repositioning process as an insurer that offers suitable insurance solutions for any need of Romanians. Tiberiu Maier, CEO of SIGNAL IDUNA ASIGURARE REASIGURARE: “With this recent acquisition, we mark a new significant stage in our journey, which rewards the success and positive results we have achieved in over 16 years of activity in Romania. We are thus taking another firm step towards consolidating SIGNAL IDUNA’s position among the top insurers. In an economic and social landscape characterized by major transformations, insurance has become an essential pillar for the stability and financial security of both individuals and companies. This paradigm shift requires a proactive approach and quick adaptation to market dynamics. In the business environment, agility and anticipation of changes are essential elements for success. With a strong team and diverse expertise, we are ready to continue our strategic plans toward a digital future. We reconfirm our commitment to customers, offering complete insurance solutions and to partners, through the contribution we want to bring together to the development of the insurance market in Romania.” SIGNAL IDUNA reported at the end of 2023 a volume of gross written premiums of over 274 million lei for health and life insurance and over 93 million lei for general insurance.
Romania’s authorities have extended until the end of August 2026 a EUR 15 million contract signed with UiPath for the automatisation of processes within the public administration, USR MP Radu Mihaiu announced, citing a memorandum promoted by his party’s economy minister Radu Miruta and REPER's investments minister Dragos Pislaru. The project is financed under the […]
The Romanian Ministry of Finance is preparing to introduce a reverse charge on VAT in the fruit and vegetable sector, in addition to the categories already subject to reverse VAT charge, and will have discussions with the European Commission in September on this topic, minister Alexandru Nazare told
The Romanian Chamber of Tax Consultants (CCF), in a message published on August 21, addressed to the Finance Ministry, warned that the reforms under the draft law published for consultations on August 14 not only have a negative economic impact but some of them are ambiguous and breach the existing international agreements. CCF also argued […]
Serbian-Romanian filmmaker Ivana Mladenović received the Heart of Sarajevo for Best Director on Friday night at the 31st Sarajevo Film Festival for her feature film Sorella di Clausura. The Romanian-Serbian-Italian-Spanish co-production competed in the festival’s international fiction section. “I am grateful for this award and for the way the film was received. I was very […]
Open-top tourist buses returned to the streets of the Romanian capital on Monday, August 25, as the “Bucharest City Tour” line resumed operation. The service, operated by the capital’s transport company STB, offers visitors and locals a chance to rediscover the city, taking passengers past some of its most iconic landmarks. The hop-on, hop-off buses […]
Thailand is quite a popular destination in Southeast Asia. It is renowned for its stunning beaches, ancient temples, and friendly locals. However, behind the smiles lies a culture rooted in tradition, respect, and subtle social rules. While most people are friendly and forgiving of mistakes, it's still essential for visitors to understand basic etiquette. A […]
