Financial Supervision Authority rejected Axa acquisition by SAI Certinvest

axa acquisition
Insurance July 03, 2015 19:01 0 comments

The Financial Supervision Authority (ASF) rejected on Thursday the proposed Axa acquisition by SAI Certinvest, shows a press release by ASF. The release states that the buyer does not meet conditions on the reputation, integrity and financial stability.   The French group Axa sold, at the end of last year, its life insurance and savings operations in Romania to SAI…more »


Romanian railway needs EUR 3.9 billion, four times over what government offers

Featured July 03, 2015 18:16 0 comments

The National Railway Company (CFR) estimated that the railway infrastructure would require an investment of RON 17.4 billion (EUR 3.9…more »


Retail sales up by 4.3 percent in the first five months of 2015

Retail & FMCG July 03, 2015 17:18 0 comments

The volume of retail business turnover (except motor vehicle and motorcycle sales), increased during the first five months of this…more »

Katie Paine - PR

CEOs ‘value PR more than PR people think’

Interviews July 03, 2015 15:17 0 comments

Katie Paine, dubbed the “queen of PR measurement”, visited Romania at the invitation of GMP PR and led a seminar…more »


Exports remain the furniture industry’s main growth engine, says study

Business July 03, 2015 12:58 0 comments

2014 has known a positive evolution in the furniture sector, even though industry leaders were less optimistic about its evolution,…more »

us flag

US-Romania partnership celebrated along with Independence Day

Events July 03, 2015 11:46 0 comments

Thursday, July 2, the US Embassy hosted a reception to celebrate Independence Day of the United States of America. Within…more »

tax collection

Romanian tax agency up 8.8 pct in tax collection y-o-y during Q1

Finance July 03, 2015 09:11 0 comments

The National Agency for Fiscal Administration (ANAF) announced it has gone over the foreseen tax collection threshold for first quarter…more »


Jazzy West: Marcus Miller, Liv Warfield and Dianne Reeves come to Jazz TM

Concerts July 02, 2015 16:46 0 comments

On its third edition now, Timisoara city (western Romania) hosts Jazz TM, which runs from July 3 through July 5,…more »

JA Romania

Over 14 pct of young Romanians know little to nothing about finance, says JA Romania

Finance July 02, 2015 16:13 0 comments

A study by Junior Achievement Romania (JA Romania) has found that over 14 percent of Romanians aged between 14 and…more »

Alexander Hughes Romania

Alexander Hughes Romania has a new managing partner

Who’s News July 02, 2015 15:32 0 comments

Dana Noujeim is the new managing partner of Alexander Hughes Romania, the executive search company.   She has been a part…more »


Romanians should not be afraid to travel to Greece, say local travel agencies

Travel July 02, 2015 14:51 0 comments

Romanian tourists are starting to question the situation in Greece, but local travel agencies say they should not change travel plans.…more »