SIGNAL IDUNA ASIGURARE REASIGURARE announces that final approval has been received from the Financial Supervisory Authority (ASF) for the acquisition of the majority stake in Garanta Asigurari, owned by The Ethniki, Hellenic General Insurance Company, the leading composite insurer in Greece. This transaction marks a key milestone for SIGNAL IDUNA, as the company continues its expansion strategy on the local market and further consolidates its position among the top insurers in Romania. The transaction reinforces SIGNAL IDUNA’s long-term commitment to the Romanian market and its ambition to actively contribute to its development through modern, diversified, and customer-centric insurance solutions. “The acquisition of Garanta Asigurari highlights our strong commitment to the Romanian market and our intention to actively support its development. We aim to expand access to modern, competitive insurance solutions by combining SIGNAL IDUNA’s expertise in health and life insurance with Garanta’s experience in general insurance. This recent acquisition marks a new and significant stage in our journey, building on the success and positive results we have achieved during more than 16 years of activity in Romania. It represents another solid step in strengthening SIGNAL IDUNA’s position among the leading insurers. At the same time, we remain fully committed to delivering stability and high quality services to the clients and partners of both companies,” said Tiberiu Maier, President of the Management Board of SIGNAL IDUNA ASIGURARE REASIGURARE. Over the next period, SIGNAL IDUNA and Garanta Asigurari will continue to operate independently, each company maintaining its product portfolio, dedicated teams, and existing partnerships. In the medium term, SIGNAL IDUNA’s strategy aims at integrating and improving operational efficiency in Romania by exploring options to build a unified and consolidated portfolio that can deliver a seamless and comprehensive experience to all clients and partners. Throughout this process, SIGNAL IDUNA’s priority remains ensuring the continuity of business relationships and the quality of services offered by each entity. Clients and partners will continue to receive support from their dedicated teams, and any changes will be communicated transparently and in a timely manner.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
