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The shareholders of OTP Leasing Romania approved RON 5.5 M capital increase

The shareholders of OTP Leasing Romania, OTP Bank Romania and Merkantil Bank Hungary, approved a capital increase of 5.52 million lei. The capital increase was made through additional cash contribution, fully paid in RON in the company’s main account opened ...

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Polish CEDE posts revenues of RON 25 M in 2017, aims for solid growth in 2018

Centrul European de Despăgubiri (CEDE), a Polish company specialized in helping victims of road accidents receive due compensation and benefits from insurance companies, is estimating that in 2018 it will beat the results from the previous year as it strengthens ...

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Watford Insurance, the newest player in the Romanian insurance market, marks the start of its operations in Romania

Watford Insurance Company Europe (Watford Insurance), has announced the launch of its operations in Romania on Wednesday. Watford Insurance is a 100%-owned subsidiary of Watford Re Ltd., a global reinsurance and insurance company. Watford Group has a capitalization of $1.2 ...

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Romania, among VIG’s main markets for growth in premiums and profit in Q1

Vienna Insurance Group (VIG)’s large CEE markets in the Czech Republic, Poland and Romania were the driving engine for growth in premiums and profit (before taxes) in the first quarter of 2018, according to a press release. “We have succeeded ...

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Optional pension funds had assets worth RON 1.87 bn on end-March

The optional pension funds’s assets reached almost RON 1,872 billion on March 31, 2018, up by 16.39 percent year-on-year, according to data released by the Financial Supervisory Authority (ASF). The state bonds had the highest weight within the assets, worth ...

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FinMin Teodorovici announces that Romanians can opt between Pension Pillar I and II. RON 1.1bn less in Pension Pillar II

Minister of Public Finance, Eugen Teodorovici, said on Tuesday that Romanians can opt between Pension Pillar I and Pillar II, adding that the Government will discuss this issue. Finance Minister Eugen Teodorovici has assured that the state can efficiently manage ...

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Omniasig posted gross written premiums of RON 1.06 bn in 2017, down by 2.24 pc

Omniasig’s total volume of gross written premiums was RON 1.06 billion last year, 2.24 percent below the level registered in 2016. According to a press release, this decrease is mainly due to the diminishing of the gross written premiums on ...

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