Fitch Ratings, one of the leading rating agencies worldwide, has downgraded the rating of Euroins Romania from “B+” to “CC” and placed it on Rating Watch Evolving (RWE). This was announced by the agency in an official release on its website.  At the same time Fitch Ratings has left unchanged the ratings of the other […]

Electrohold Sales EAD, in partnership with the insurance company Euroins, starts to offer its household customers “Electroprotection” insurance. The policy provides coverage for damage of home electrical appliances caused by short circuit, electric shock and overvoltage in the electrical network due to lightning. “Electroprotection” is a non-compulsory property insurance, concluded for a period of one […]

The return of Euroins Romania’s license will save Romanian taxpayers EUR 1 billion in losses and will allow the parent company – Euroins Insurance Group AD (EIG) to continue supporting the company’s development. This was announced by the management of Eurohold Bulgaria AD at a press conference in Bucharest late yesterday evening. The press conference […]

With reference to the recent events related to the actions of the Romanian regulator ASF against Euroins Romania, Assen Christov, Chairman of the Supervisory Board of Eurohold will give a press conference to answer current questions. At the end of the last week ASF revoked the license to operate in the country of Euroins Romania, […]

With reference to today’s decision of the Romanian financial regulator ASF for Euroins Romania, part of Euroins Insurance Group AD – revocation of the licence for insurance activity, opening of bankruptcy proceedings and appointment of the Insurance Guarantee Fund (FGA) as temporary administrator of the company, the management of Eurohold makes the following statement: Outside […]

Yettel and Cetin Bulgaria have signed a 10-year power purchase agreement (PPA) contract for the supply of   renewable energy with Electrohold. The main part of the consumption of both companies will be provided by a 123 MW photovoltaic plant, which is due to be completed in the spring of 2023. Overall management of the […]

Revenues increased by about 77% to over BGN 6.3 billion (EUR 3.2 billion)  EBITDA soared nearly 52% to almost BGN 286 million (EUR 146 million)   Revenues from the energy business tripled to BGN 3.6 billion (EUR 1.83 billion)   Premium volume from insurance grew by 24% to BGN 1.7 billion (EUR 854 million).  Eurohold Bulgaria AD, […]

The management of Eurohold Bulgaria informs the public that despite its disagreement with the actions of some officials of the insurance supervisory authority in Romania against the local unit of Euroins and the ongoing disputes with them, the company has provided additional guarantees for the financial stability of the Romanian insurance company in order to […]

With reference to the publicly disseminated information about a coordinated attack by employees of the insurance supervisory authority in Romania against the local subsidiary of Euroins, the management of Eurohold Bulgaria AD informs that the company has taken all possible operational and legal measures to protect the interests of shareholders, creditors and investors.  Along with […]

Eurohold Bulgaria AD, a leading energy and financial group in Southeast Europe, informs the public about an organized attack against Euroins Romania, the largest insurer on the Romanian insurance market and the biggest unit of Euroins Insurance Group AD, the holding’s subsidiary insurance group.  The attack against Euroins Romania might involve a number of senior […]