site.btaFitch Ratings Affirms Eurohold Bulgaria's "B" Rating, Outlook Stable, Removes Company from Rating Watch Negative

Eurohold Bulgaria AD recorded an increase in its financial results in the first quarter of 2023, according to the company's consolidated report for the period, distributed by the holding and uploaded late Friday night on the Stock Exchange

The Bucharest Court of Appeal on Thursday rejected a request by Euroins Romania Asigurare-Reasigurare S.A. to suspend a decision of Romania's Financial Supervisory Authority (ASF) to withdraw the company's insurance business licence, Romanian media reported.

The Financial Supervision Commission (FSC) said Friday that Euroins Romania (Euroins Romania Asigurare-Reasigurare S.A.) does not have an insurance business business in Bulgaria. The announcement comes shortly after it transpired that Euroins

The attack on Euroins Romania escalated in the last two weeks when a massive negative campaign was organized through media, some politicians and some Insurance department officials of ASF. It includes actions and measures that are in blatant violation not only of the national, but also of the European legislation. The shareholders of the holding believe that there is a purposeful campaign that aims to destabilize the Romanian insurance and financial market, as well as the company itself as a leader in this market. Eurohold has also alerted the European Insurance and Occupational Pensions Authority (EIOPA) and other European authorities of these actions.