The chair of the Authority for Financial Supervision Misu Negritoiu was chosen for a two and a half year mandate as a member of the Board of the European Authority for Insurances and Occupational Pensions (EIOPA) according to a press release of ASF. The institution says that the decision was taken during the reunion in Frankfurt of 2 December 2015 of the Council of EIOPA supervisors (Board of Supervisors) the decision-taking forum of the Authority. Romania is represented for the first time at this level in the European authority for regulation, as well as ESMA (The European Authority for Markets and Securities) and EIOPA. ‘I am convinced that we could contribute significantly to the improvement of the European regulation framework, especially through the exercises which we developed for the first time on the regulated markets of Romania’ Misu Negritoiu said. The EIOPA board is made up of the chairman of the Authority and six members ( representatives of the supervision authorities in Belgium, France, Germany, Italy, Romania and Slovakia) out of the 28 members of the Council of Supervisors EIOPA. The Board of EIOPA proposes, for adoption, to the council of supervisors the annual and multi-annual working programme of EIOPA and approves and sends to the council of supervisors for adoption the estimate for income and expenditure for the following financial year. The European Authority for Insurance and Occupational Pensions is part of the European System for Financial Supervision and is an independent body with consultative role of the European Parliament, the council of the European Union and the European Commission. The main objectives of EIOPA are the promotion of the stability of the financial system, of the transparency of markets and financial products, as well as the protection of the owners of insurance policies, of the members of pensions schemes and their beneficiaries.
Romania still holds the highest road fatality rate in the European Union (EU), with 77 deaths per million inhabitants, despite declines of 4% in 2024 compared to the previous year and 21% compared to 2019, according to preliminary figures published by the European Commission (EC) on March 18. The EU average was 44 road deaths per […]
Salina Praid, one of Europe's largest salt mines, will host Romania’s first underground gastronomic festival, Taste of Transylvania Underground, from March 28 to 30. The event will showcase top chefs from Romania and Hungary, including Michelin-starred restaurants, in an extraordinary setting 100 meters below ground, local news agency
On March 18, InterCapital Asset Management (ICAM), the largest independent investment manager in Croatia, listed its second ETF (Exchange Traded Fund), tracking Slovenia’s main stock market index. The ETF’s full name is InterCapital SBITOP TR UCITS ETF and it trades on the Bucharest Stock Exchange (BVB) under the ticker symbol ICSLOETF, replicating the SBITOP TR […]
Bucharest Coffee Festival returns this weekend, from March 21 to 23, at Hala Laminor, bringing together coffee professionals and enthusiasts from Romania and abroad. The 2025 edition will host over 200 exhibitors, including producers, roasters, and distributors, across a 5,000-square-meter space. Attendees can explore a wide variety of specialty coffee, accessories, and brewing equipment, with […]
The National Authority for Consumer Protection in Romania, or ANPC, has put forward for public consultation an order that will require economic operators to inform consumers about the commercial markup applied to marketed products, relative to the producer's base price. In the draft order, ANPC argues that the consumer’s right to information is a fundamental […]
Romanian tax agency ANAF has put up for sale the factory of infamous disinfectant-maker Hexi Pharma. The company was involved in a major scandal regarding diluted disinfectants delivered to hospitals years ago. The controversial company, now in insolvency, has debts of RON 17.6 million to the Romanian state, and the Prosecutor's Office attached to the […]
