CHANGES OF CAPITAL IN INSURANCE COMPANIES ACCORDING TO THE RULES OF THE EUROPEAN UNION
CHANGES OF CAPITAL IN INSURANCE COMPANIES ACCORDING TO THE RULES OF THE EUROPEAN UNION
Author(s): Cristina Mihaela Nagy, Marina Uher, Bogdan CotleţSubject(s): Economy
Published by: Editura Eurostampa
Keywords: share capital; changes of capital; insurance companies
Summary/Abstract: Romania's accession to the European Union has important implications in the insurance industry, in particular by imposing a minimum share capital for companies in this area, because the capital is a balancing factor for the economic activity. In 2009 the share capital subscribed by the 45 insurance companies was 3,970,678,526 lei, it increased by approximately 180% compared to 2006 (1.406.287.079 lei subscribed by the 41 authorized insurance companies), and French investors hold a participation rate of 31.73%.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XVII/2011
- Issue No: 17
- Page Range: 539-544
- Page Count: 6
- Language: English