04.29.2016

Bucharest Court Of Appeals on Friday ruled irrevocably on the bankruptcy of insurance company Astra Asigurari, eight months after the Financial Supervisory Authority ASF asked for the insurer’s more

04.08.2016

Romania does not have an industry support and development program as do Poland, Hungary and Czech Republic, says Valer Blidar, the owner of rolling stock manufacturer Astra Vagoane Calatori in Arad more

02.02.2016

Insurance company Astra could have been saved from bankruptcy by implementing the resolution mechanism if there had been a law in this respect a year ago, because the Financial Supervisory Authority more

01.27.2016

Astra Rail Industries, a company built by German Thomas Mans from Astra Vagoane Arad, Meva and Romvag Caracal, only works with customers abroad, having gained some from UK, France and Austria last more

12.18.2015

The shares of insurance company Astra, suspended from trading since February 2014, will be delisted from the Bucharest Stock Exchange (BVB) on Monday, December 21. more

12.16.2015

KPMG Restructuring, the judicial administrator of insurer Astra Asigurari, will draw up, in the upcoming period, a strategy for an efficient patrimony liquidation by business transfer for insurance more

10.26.2015

The shares of insurer Astra Asigurari (ATRA.RO), for which the Financial Supervisory Authority (ASF) asked for bankruptcy procedures, will be transferred from the Rasdaq on the AeRO market, in context more

10.12.2015

Bucharest Court on Monday decided to postpone the suit on the bankruptcy of insurer Astra Asigurari, requested by Romania's Financial Supervisory Authority ASF after the company failed to raise the more

09.18.2015

A number of local companies are interested in taking over parts of Astra Asigurari’s portfolio, following the recent decision of the Financial Supervisory authority (ASF) about Astra’s bankruptcy. more

09.08.2015

Misu Negritoiu, head of Romania's Financial Supervisory Authority ASF, stated Tuesday that there is enough money to cover the damage claims from insurer Astra Asigurari, adding that Astra’s more

09.03.2015

Romania's Financial Supervisory Authority (ASF) received and solved a total 5,100 complaints over insurance companies in the first half of the year, 13.4% less than 5,889 complaints in the same period more

09.03.2015

Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared with RON20 more

08.26.2015

Romania's Financial Supervisory Authority ASF on Wednesday asked for the bankruptcy of insurer Astra Asigurari, under special administration, after the company failed to raise RON425 million for the more

08.24.2015

The majority shareholders of insurer Astra, The Nova Group Investments and Epsilon Estate Provider, controlled by businessman Dan Adamescu, want to inject the necessary RON425 million to the company more

08.20.2015

Shareholders of insurer Astra Asigurari, under special administration, have not subscribed enough shares available in the EUR425 million share capital increase, while the company’s special more

07.23.2015

Shareholders of insurer Astra Asigurari, under special administration, have only subscribed 0.011% of the shares available in the EUR425 million share capital increase, while institutional investors more

06.08.2015

The financial watchdog ASF has approved the plan for a second capital raise for insurer Astra and, if achieved, it will be the saving signal for the company, ASF vice-president Mircea Ursache said more

06.02.2015

Insurer Astra Asigurari, under special administration, has put up for sale 160 million shares at a face value of RON2.66 each, in a move to hike the insurer's share capital, which was imposed by the more

05.28.2015

The situation of insurer Astra Asigurari, under special administration, will be settled end-July, when it will be known whether a strategic investor is willing to inject capital or whether the more

05.27.2015

The Financial Supervisory Authority has approved the plan for a capital raise of nearly RON525 million for insurer Astra Asigurari, to RON682.7 million, as proposed by special administrator KPMG more

04.28.2015

Up to five investors are interested in taking over insurance company Astra Asigurari but the situation is stalling over the issue of price, said financial regulator president Misu Negritoiu, adding more

03.18.2015

Insurer Astra Asigurari's special administrator, KPMG Advisory, decided Wednesday to raise the company's share capital by RON424.9 million, to RON682.7 million, by shareholder cash contributions. more

01.26.2015

The Romanian insurance market ill stagnate this year, in the best case scenario, depending on what happens to insurers Astra and Carpatica Asig, Cristian Constantinescu, member in Allianz-Tiriac's more

01.22.2015

Romanian businessman Valer Blidar, who owns Arad-based railcar and tram plant Astra Vagoane Calatori, says the plant hiked its revenue by 20% last year and profit by around 5%, with 2014 as the best more

01.18.2015

Romanian Electroputere VFU - Reloc Craiova, part of Grampet Group, and Astra Arad are participating as a consortium in an auction organized by the Budapest municipality to modernize the subway system more