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Brokerage market, up by over 9% in first 9 months to 5.77bn lei

Tuesday, December 22, 2020

Gross premiums sold by general insurance and life insurance brokerage companies stood at 5.77 billion lei in the first nine months, up 9.2% from the same period of the previous year, according to a release from the Financial Supervisory Authority (ASF).The share of revenues from the distribution activity in the volume of premiums distributed at the level of the insurance brokerage market was of 17.64% (average commission), on the segment of the general ...

ASF: Insurance market, up 4.8% in first 9 months to over 8.5bn lei

Tuesday, December 22, 2020

The Romanian insurance market reached, in the first nine months of this year, a volume of sold gross premiums of over 8.5 billion lei, increasing by approximately 4.8% compared to the value recorded in the same period of 2019, according to a release sent on Monday .In the general insurance segment, the value of sold gross premiums reached, between January and September 2020, 6.87 billion lei, increasing by 6.3% compared to the same period of last year. At ...

Analysis: business people estimate the turnover of 2019 will be reached in 2022

Tuesday, December 22, 2020


The economic recovery in Romania, after the pandemics, will be an asymmetric one, with the sectors which will register a supported growth and the others which will continue to face significant difficulties, and over 66% of the companies  interviewed by the Barometre Moneycorp 2020 estimate that they will  reach the turnover of 2019 in 2022.   Asked about the estimate for the foreign exchange rate at the end of ...

Chronologies on the Romanian Revolution of 1989

Tuesday, December 22, 2020


"The series of revolutions of 1989 fundamentally changed the political, economic, axiological and cultural map of the world. Triggered by a deep and widespread dissatisfaction with the ideological domination of Leninism, it allowed the rediscovery of democratic participation and civic engagement," political scientist Vladimir Tismaneanu wrote in his book "About 1989. The sinking of utopia" (Humanitas Publishing House, Bucharest, 2009). "The nature of the Romanian ...

Florin Citu, proposal for PM, endorsed by PNL, USR PLUS and UDMR

Monday, December 21, 2020


National Liberal Party (PNL) Chairman Ludovic Orban announced on Friday evening that the PNL, the Save Romania Union (USR) - The Party of Liberty, Unity and Solidarity (PLUS) and the Hungarian Democratic Union of Romania (UDMR) agreed on the Government structure and the leadership positions in Parliament."Today, the three political formations that voiced this will reached an agreement regarding the creation of the Government, the structure of the Government ...

Defence, Foreign, Finance, Interior, Education, Energy, Agriculture, Culture and Labour Ministries to go to PNL

Monday, December 21, 2020

National Liberal Party (PNL) Chairman Ludovic Orban announced on Friday evening, following negotiations with Save Romania Union (USR) - The Party of Liberty, Unity and Solidarity (PLUS) and the Hungarian Democratic Union of Romania (UDMR), that the Liberals would hold nine portfolios in the future coalition government, namely the Ministries of Defense, Foreign Affairs, Finance, Interior, Education, Energy, Agriculture, Culture and Labour."The portfolios that ...

Justice, Transport, Health, European Fund Ministries to go to USR PLUS

Monday, December 21, 2020

Save Romania Union - Party of Liberty, Unity and Solidarity (USR PLUS) Alliance co-chairs Dan Barna and Dacian Ciolos announced on Friday evening, following negotiations with the National Liberal Party (PNL) and the Hungarian Democratic Union of Romania (UDMR), that USR PLUS would hold six portfolios in the future coalition government.These are the Ministries of Justice, Transport, Health, European Funds, Research, Innovation and Digitisation, Economy, ...

UDMR to assume three portofolios in future Gov't - Development, Environment, Sports Ministries

Monday, December 21, 2020

The UDMR chairman Kelemen Hunor, announced that following the negotiations with PNL and USR PLUS, the Union will take over three portfolios in the future Government: the Ministry of Public Works and Administration Development, the Ministry of Environment, Waters and Forestry and the Ministry of Youth and Sports."We have had discussions in principle on a 4-year coalition, parliamentary stability and governmental stability after 8 years in which we have had 12 ...

PNL-USR PLUS –UDMR negotiations to end on Sunday or Monday

Monday, December 21, 2020

PNL,USR PLUS and UDMR, during the negotiations taking place on Saturday, agreed  on the principles for the sharing of the positions of prefect and those of state secretaries, principle according to which the sharing will be made proportionally with the percentage obtained during the parliamentary elections and in the case of state secretaries depending on the ministry where they are positioned. As regards the prefects, no sharing on counties was ...

Analyst: In principle, there should smooth course to the government inauguration

Monday, December 21, 2020

The political analyst Ion Bogdan Lefter appreciates that the inauguration of the new government, for which Florin Citu is proposed as premier, supported by PNL, USR PLUS and UDMR should have ‘ smooth course’.   As regards the negotiations for the new government, the political analyst says that the parties forming the future majority coalition in the parliament reached an  agreement ...

Cristian Pirvulescu: The tensions have been overcome, the coalition agreement  was drawn a week ago

Monday, December 21, 2020

The results of the negotiations between PNL, USR PLUS and UDMR show that the tensions between the parties have been overcome and at present there is agreement for the coalition which had been drawn a week before, stated the political analyst Cristian Pirvulescu.He appreciated that during the last round of negotiations’  nervousness had been consumed, the positions had already been settled’ and ‘ each of the parties reached their ...

UDMR leader Kelemen Hunor met Hungarian premier Viktor Orban

Monday, December 21, 2020

The UDMR leader Kelemen Hunor met the Hungarian premier, Viktor Orban, on Saturday afternoon, announced Bertalan Havasi, state deputy secretary with the press office of the Hungarian premier, according to MTI.   According to the quoted source, this meeting replaced the traditional Christmas meeting of the Hungarian premier with the Hungarian leaders outside  ...

Ciolacu: PSD will never vote this Gov't of keeping Romania in crisis

Monday, December 21, 2020

Social-democrat (PSD- opposition) Chair Marcel Ciolacu said on Friday that the social-democrats will never vote for the Government proposed by the right-of-center coalition, which he calls "of keeping Romania in crisis, underdevelopment, and national plunder.""The group of the losers will collapse deafeningly in just a few months. Orban and Barna's hunger for office has won interest in real solutions to get Romania out of the health and economic crisis. Some ...

COVID-19: All restrictions remain in force over Christmas and New Year's Eve

Monday, December 21, 2020

The restrictions imposed to prevent the spread of the novel coronavirus remain in force over Christmas and New Year's Eve, said, on Friday, President Klaus Iohannis.He visited the Cantacuzino National Institute for Medical-Military Research Development in Bucharest, the national center to receive and store the anti-COVID-19 vaccine doses."All restrictions now in force will remain in force over Christmas, and New Year's Eve," said the head of ...

CNSU: Starting today, flights to and from UK - suspended for 14 days

Monday, December 21, 2020


The National Committee for Emergency Situations (CNSU) approved on Sunday the suspension of flights to and from the United Kingdom of Great Britain and Northern Ireland, for a period of 14 days, as well as the introduction of the two countries on the list of states for which a quarantine is established on persons arriving in Romania.According to the decision no. 61 of CNSU, the decision was made due to the emergence of a new strain of SARS-CoV-2 virus in the ...

First symbolic tranche of about 10,000 doses of anti-COVID vaccine to be delivered on December 26

Monday, December 21, 2020

Doctor Valeriu Gheorghita, coordinator of the national anti-COVID vaccination campaign, announced on Friday that on December 26 the first symbolic tranche of about 10,000 doses of anti-COVID vaccine will be delivered, which will later be distributed to 10 frontline hospitals in Romania.After a visit on Friday to the National Centre for the storage of anti-COVID vaccines, located at the "Cantacuzino" Institute in Bucharest, Gheorghita pointed out that the ...

2021 budget to be completed and presented by future gov't

Monday, December 21, 2020

The budget for next year will be completed by the new Government, Minister of Finance and National Liberal Party (PNL) candidate for the position of Prime Minister Florin Citu said on Sunday, pointing out that, after the negotiations for the majority coalition, new projects will be announced and some fund reallocations will be made for next year.He showed that there should be more tripartite discussions with the employers and trade unions regarding the ...

Survey about the impact of the pandemic on the physical and mental health of Romanians

Monday, December 21, 2020


Romanians are sadder, more anxious and feel more lonely at the end of 2020, as direct effected of the SARS-CoV-2 pandemic, reads the first study conducted in Romania about the impact of the pandemic on the physical and mental health of the population.   The authors of the survey warn that the coronavirus pandemic has had significant effects on the mental health of the Romanian population: 42% of the ...


Monday, December 21, 2020


- Romanians say that more than half of their holiday budget is spent on food (51%). - More than a third of respondents (31%) say that this year they prefer to order gifts online, compared to only 5% in 2016. - Modern families spend the most on Christmas - 1284 lei, compared to the average total budget of 1059 lei of ...

Average number of pensioners drops by 7,000 persons in Q3

Monday, December 21, 2020

- the average number of pensioners was 5125 thousands persons, descreasing with 7 thousands persons as against of the previous quarter; average number of state social insurance pensioners was 4675 thousands persons, descreasing with one thousand persons as against of the previous quarter; - the average monthly pension (is determined based on all amounts of pensions for all categories of pensioners –social ...

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