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Romanian Insurer Allianz-Tiriac To Raise Auto Civil Liability Policy Prices By 20% In 2010

Romanian insurer Allianz-Tiriac Asigurari will increase price for auto civil liability policy RCA by at least 20% for contracts starting January 1, 2010, and in some cases prices will double compared to the beginning of 2009, the insurer’s general manager Cristian Constantinescu said Monday.

Romanian Fiscal Authority To Be Able To Transfer Debt Claims

The Romanian National Agency for Fiscal Administration (ANAF) will be able to transfer the debts it manages, but the price will not be lower than the nominal value of contributor bonds, according to a draft ordinance amending the Fiscal Procedure Code.