01.15.2015

Romanian insurer Astra Asigurari, under special administration, had revenues from underwritings of RON555.22 million in the first nine months of 2014, down 30.8% on the year, and a profit of RON54.6 more

01.07.2015

Local rolling stock manufacturers Astra Rail Industries and Craiova-based Softronic, two of the most important in this business, expect revenue to be flat in 2015, since they are only getting orders more

12.09.2014

Romanian insurer Astra Asigurari registered losses of RON888.45 million (EUR200 million) under international financial reporting standards (IFRS), RON28.88 million (RON6.5 million) lower than the more

10.13.2014

The financial statement of insurer Astra Asigurari for 2013 carried out by special administrator KPMG Advisory, appointed by financial authority ASF, does not reflect the reality and is artificially more

10.03.2014

Insurance company Astra (ATRA.RO), owned by Romanian businessman Dan Adamescu and placed under special administration in February, increased its share capital by RON65.1 million, to RON257.8 million, more

09.21.2014

French insurance group AXA has terminated a contract under which it was to sell its Romanian business AXA Life Insurance Romania to local insurer Astra Asigurari and is looking at other strategic more

08.29.2014

Insurer Astra (ATRA.RO), owned by Romanian businessman Dan Adamescu and placed under special administration in February, will run an offering between September 1 and October 1 hoping to raise RON70 more

08.13.2014

First League football club Otelul Galati paid insurance premiums totaling 23.4 million lei (EUR5.3 million) to insurer Astra Asigurari between 2012 and 2013, equal to the sum paid by Romanian more

08.13.2014

Railroad car manufacturer Astra Vagoane Calatori, one of the 20 largest Romanian-owned private sector exporters, took out a EUR10 million line of credit from EximBank for two years, according to the more

08.06.2014

The transaction through which insurer Astra Asigurari will take over the Romanian division of French group AXA will be approved provided Astra increases its share capital and recovers financially, more

06.06.2014

Businessman Valer Blidar, who owns Arad-based railcar plant Astra Vagoane Calatori, says the company ended the first quarter of this year with profit worth 38 million lei (EUR8.6 million), after the more

06.02.2014

Insurer Asirom will provide mandatory car insurance (RCA) for the 606-vehicle fleet of state-owned postal operator Posta Romana, for RON428,681, nearly 55% lower than the postal operator had more

05.19.2014

Three companies holding over 30% of the insurance market are going through rough times. more

05.14.2014

Shareholders of insurer Astra Asigurari, two companies owned by businessman Dan Adamescu, decided Monday to raise the insurer's share capital by RON490 million, with a first tranche of RON70 million, more

04.07.2014

Romanian insurer Astra has to hike its share capital by 490 million lei (EUR110 million) in the next 12 months, out of which RON70 million in the first stage, according to the recovery plan approved more

02.25.2014

Romanian insurer Astra, its shareholders and managing board have contested in court the decision whereby Romania's Financial Supervision Authority placed it under the special administration of KPMG more

02.24.2014

KPMG Advisory, special administrator of Romania's leading insurance company Astra, targets the continuation of payments to clients and partners, analyzing the insurer’s situation and taking urgent more

02.19.2014

After Romania’s Financial Supervisory Authority (ASF)’s chairman Dan Radu Rusanu and Corneliu Moldoveanu, the ASF vice-president in charge of the insurance market, told a news conference on more

02.18.2014

Romania’s Financial Supervision Authority (ASF) has ordered financial recovery procedures and has placed the country's leading insurance company Astra under special administration. more

12.20.2013

Romanian antitrust authorities are looking into the takeover of Axa Life Insurance, the local, subsidiary of French group AXA, by the Romanian leading insurer Astra Asigurari. more

11.29.2013

French group AXA confirmed Friday it sold its operations in Romania to insurer Astra Asigurari, owned by Romanian businessman Dan Adamescu, and will exit the local market. more

11.20.2013

French insurance giant AXA is in final negotiations to sell its Romanian subsidiary to the largest insurer on the market, Romanian-held Astra, according to market sources. The decision to withdraw more

10.24.2013

Businessman Valer Blidar, one of the few industrialists of Romania, who owns railcar maker Astra Vagoane Calatori in Arad, has recently won a contract worth about EUR73 million to supply railcars to more

08.13.2013

Romanian insurer Astra Asigurari reported revenues from underwritten premiums of RON601.7 million in the first half of the year, up 16% compared to the first half of last year, the insurer said more

07.19.2013

Romania’s state-owned airline Tarom wants to allow any European insurance company in its fleet insurance auctions starting 2014 after local insurer Astra Asigurari was awarded the contract for the more