The Bulgarian group Eurohold announced on Wednesday evening that it had notified all state authorities and international institutions “about a coordinated attack on Euroins Romania, in which several high- and middle-level employees from the management of the Financial Supervision Authority (ASF) may have been involved, as well as people involved. , involved in the City Insurance crisis.

What does the Eurhold group mean:

• “The attack on Euroins Romania may have involved several high- and mid-level employees from the management of the insurance department of the financial supervisory and regulatory body in Romania – the Financial Supervisory Authority (ASF), as well as people involved in City Insurance. crisis.
• They carry out these actions, endangering the financial stability of the company, the insurance sector as a whole and the economic stability of Romania. In addition, the actions of some officials of the ASF insurance department jeopardize the company’s good relationship with ASF as an institution and with its senior management.
• Eurohold has already informed a number of competent state and international bodies and institutions about these actions, which are taking the necessary measures.
• The information sent by the company to the competent state and international institutions describes all the intended actions, the actions of the group against Euroins Romania and the potential objective of the campaign, which could be to quickly seize the assets of the insurer, causing a liquidity crisis in the sector with a serious impact.
• This financial destabilization could also affect activity in Bulgaria and have a negative impact on the two countries’ Schengen membership, as well as Bulgaria’s entry into the Eurozone, despite excellent bilateral relations between the two countries.
• The attack on Euroins Romania intensified in the last two weeks when a massive negative campaign was organized through the media, some politicians and some officials of the ASF insurance department.
• This includes actions and measures that grossly violate not only Bulgarian, but also European law. The shareholders of the holding believe that there is a deliberate campaign aimed at destabilizing the financial and insurance market of Romania, as well as the company itself as a leader in this market. “Eurohold” also warned the European Insurance and Occupational Pensions Authority (EIOPA) about these actions, as well as other European bodies. This is stated in the statement of the Bulgarian group.

The group also asks the representatives of the competent public authorities “to ensure a transparent, impartial and internationally recognized audit of the process carried out by some members of the ASF insurance department team, which could otherwise lead to a liquidity crisis and financial instability and general policy”.

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