Vienna Insurance Group AG Wiener Versicherung Gruppe will work on the Moldovan insurance market. The insurance company signed a contract for the purchase of about 94% of the shares of the Insurance-Reinsurance Company Donaris Group SA, IPN reports.

“By entering the Moldovan market, we extended the network of Vienna Insurance Group to 25 countries and filled one of the last white spots on our geographical map of Central and Eastern Europe. Donaris offers an efficient platform for positioning ourselves on the Moldovan insurance market,” said Peter Hagen, director general of Vienna Insurance Group, quoted in a communiqué of the company.

Donaris was founded in 1998. Currently, it has about 50 employees at the head office and another 70 at the local offices.

Vienna Insurance Group consists of about 50 companies. With an experience of 190 years in insurance, it employs about 23,000 people. Vienna Insurance Group is the best quoted company of the issuers included in the ATX, which is the main index of the Vienna Stock Exchange. The group is also quoted on the Prague Stock Exchange.