Home Search

'Solvency II - search results

If you're not happy with the results, please do another search

Romanian insurers to adopt Solvency II as of January 2016

The Romanian insurance companies will adopt on January 1, 2016 the European set of directives Solvency II aiming to increase the protection of the...

Mechel Campia Turzii files for insolvency

Steel mill Mechel Campia Turzii (INSI) filed for insolvency at the Cluj Tribunal, being the third former company of Mechel group that resorts to...

Solvency II, wave of change in Romanian insurance field

The enforcement of the new Solvency II regime as of January 1, 2013 will be one of the pillars to support, on a medium...

Mechel Campia Turzii lays off 148 employees

The receiver of Mechel Campia Turzii, company that filed for insolvency in April, has laid off a total of 148 workers of the approximately...

Mechel Campia Turzii resumes work

Having filed for insolvency in April, Steel maker Mechel Campia Turzii yesterday resumed production and could reach maximum capacity in ten days, company owner...

Hidroelectrica “insolvency” aims at reorganisation, not bankruptcy

Premier accused ex-economy minister Videanu for approving electricity exports at dumping prices. The delegate minister for the Business Environment, Lucian Isar said yesterday in a press...

Insolvency incidence to increase if managers too are held liable for fiscal debts

Company managers will faster choose insolvency, or they will give priority to paying fiscal dues, if authorities enforce the legal change that holds managers...

Gothaer celebrates 5 years in Romania

February 2018 marks 5 years of Gothaer presence on the Romanian insurance market. Still undergoing the growth and development phase, Gothaer Asigurari Reasigurari closed 2017 ...

Non-life insurance market up by almost 11 pct to 7.71 billion lei in 2016

Romania's non-life insurance market increased by 10.92 percent last year to 7.717 billion lei, according to the data presented in a press conference by...

IntMinCarmen Dan: Intelligence on Sebastian Ghita provided by Romanian side

Interior Minister Carmen Dan stated on Tuesday that the intelligence on Sebastian Ghita was provided by the Romanian side. “The intelligence was provided by the...

Ghita case: After eight recordings, SRI general Coldea was discharged and released from office,...

*Sebastian Ghita, in the 8th recording: Laura Codruta Kovesi and Florian Coldea are agents of a foreign intelligence service   Former Lower Chamber lawmaker Sebastian Ghita...

Year of construction and consolidation for Gothaer in Romania

+ In 2015, Gothaer Asigurări Reasigurări paid claims worth more than 43 million RON and recorded gross written premiums worth nearly 82 million RON...

Energy Minister: 20pct of management positions at CE Oltenia, eliminated from June 30

The new organisation chart of the Oltenia Energy Complex (CEO) to come into force on June 30 will include 20 percent less management positions,...

Judge suspected of taking bribe

The DIICOT prosecutors searched the office of a Caras-Severin Tribunal judge on Wednesday. The judge is suspected of taking EUR 80,000 in order to...

Ponta attacks Realitatea Media: They dodge taxes, claiming they enjoy protection by PNL

Prime Minister Victor Ponta wrote to PNL Co-Presidents Alina Gorghiu and Vasile Blaga, announcing that he wanted to draw their attention to the company...

Groupama Asigurari closes H1 with satisfying results

The results registered in H1 point to an 18.8 per cent year-on-year rise in gross subscribed bonuses, to RON 385 M. The rise is...

Gothaer Asigurari Reasigurari: € 122 million profit, grown with 13,2% compared to previous...

The balance of year 2014, the second year of development and investment of its local branch in Romania held by the German group Gothaer,...

DNA prosecutors accuse Udrea that she founded a genuine Mafia system while leading the...

PMP MP  Elena Udrea, former Minister of Regional Development and Tourism for four years between 2008-2012,  was once again arrested for 30 days last...

Several assets of Termoelectrica bought by a Czech investor

Several assets of bankrupt Romanian state-owned energy producer Termoelectrica were auctioned for EUR 13.8 million. The assets include the Doicesti thermal power plant in Dambovita county...

Hidroelectrica appoints new purchase manager

State-owned power producer Hidroelectrica appointed Viorel Cerchez as purchase and logistics manager after a recruiting process that was coordinated by insolvency firm Euro Insol,...

BRD – Groupe Societe Generale, RON 37 M profit in Q1

BRD - Groupe Societe Generale bank (BRD-GSG) records show a net profit of RON 37 million over the first quarter of 2014, and an...

RON 579 M loan and 30,000 tons of fuel from state reserves for CFR...

The Ministry of Finance will grant a RON 579 million Treasury loan to CFR Calatori, which is to be reimbursed no later than November...

Manescu: I don’t think GFR had all the money for CFR Marfa

// The Minister of Transportation also mentioned that she rejected the IMF...

Nita and Vulpescu questioned in ‘Hidroelectrica Bribe’ case

Minister Delegate for Energy denies any wrongdoing. Constantin Nita, Minister Delegate for Energy, went to DNA (National Anticorruption Directorate) headquarters to answer questions in connection...

For the 2nd night in the row, Basescu lashed out at USL leaders

// Tuesday evening, in a new statement delivered at the Cotroceni Palace,...

Hidroeletrica liquidator under criminal investigation

Prosecutors at the Prosecutor’s Office attached to the Court of Appeal in Bucharest have initiated criminal proceedings on Remus Borza, the liquidator of Hidroelectrica,...

Daianu: A new BVB director should not be expected like a messiah

All stakeholders have to join forces in order to keep the Romanian capital market alive, Daniel Daianu, First Vice President of the Financial Supervisory...

Romania among the countries at risk as emerging-market inflows slump

Turkey, Romania, Poland and Morocco are among the countries most vulnerable to slowing investment in developing nations because of their dependence on foreign financing,...

Protest at Mechel plant ends in tragedy

Fired worker commits suicide. Reacting to the tragedy, PM Ponta says companies that fail to honor their obligations towards employees will be liable. 2,000 Metrorex,...

Banks will further provide a diversified range of banking products and services

says Radu Gratian Ghetea, Chairman of CEC Bank. We may say that, in 2011, we largely met the strategic objective defined for the first time...

11 Poli Timisoara players put under distraint, club debt at RON 25 M

The Timis County’s General Office of Public Finances has placed 11 Poli Timisoara players under distraint because the team owes RON 25 M (EUR...

CEA: European insurance industry is robust

The results of the second stress test released by the European Insurance and Occupational Pensions Authority (EIOPA) confirm that the European insurance market is...

CEA: European insurance industry is robust

The results of the second stress test released by the European Insurance and Occupational Pensions Authority (EIOPA) confirm that the European insurance market is...

TZA: A more active presence at a regional and international level, in 2011

Tuca Zbarcea & Asociatii (TZA) earned most of its revenues last year from energy and natural resources, corporate and M&A, and litigation and arbitration...