CĂUTARE (182)

The law capping interest on loans granted by non-banking financial institutions (IFNs) and debt collectors has, unfortunately, big, essential differences compared to the original draft, lawyer Gheorghe Piperea, current MEP, who wrote the draft...

The law on the capping of interest at non-banking financial institutions and the limitation of claims requested by debt collectors, a normative act that joins the law of giving in payment, citizens have a shield that protects them against any...

The use by natural persons of a digital identification number, as an alternative to the personal numerical code, the option to choose the method of payment of taxes and the modernization of the sale of confiscated goods through online auctions...

Following the crises that followed from 2019 until now and the over-indebtedness of companies, individuals, but also of states, it is vital that the mechanisms to prevent insolvency or bankruptcy work correctly and an interpretation agreed by all...

Small and medium-sized enterprises and large companies in the B2B relationship, but also public authorities in the relationship with companies will have a maximum payment term of 30 days for the payment of invoices, if the proposal to amend the...

Euroins' creditors, numbering almost 1,200, can demand payments of up to four billion lei from the bankrupt insurer, of which 842 million lei are currently certain claims, according to the CITR report on the causes of Euroins' bankruptcy....

Reporter: Sierra Quadrant is one of the most important players in the consulting services market in Romania. What essentially defines your offer, your services?

New historical highs for the main indices of the Bucharest Stock Exchange (BVB), the largest listing in the history of our capital market, the increase in turnover and the number of investors, the freezing of listings of companies in the AeRO...

Inflation has decelerated this year, while interest rates offered by commercial banks to the public have fallen slightly in recent months, but rates are still in negative real territory, which, in terms of purchasing power, favors borrowers over...

The state capping of bank interest could become a reality if the European Commission's proposal for a directive on consumer loans passes the European Parliament as the text was adopted in first reading in the meeting of September 12, 2023....

The governor of the National Bank of Romania spoke publicly for the first time regarding the transfer of consumer protection duties from ANPC to the central bank. Although he wanted to appear categorical, Mugur Isărescu appeared rather undecided....

A Canadian recently stopped by the bank where he took out a 25-year mortgage to check his repayment status, given that interest rates have been rising rapidly lately, amid the increase in the monetary policy rate. To his surprise, next to the...

The need for logical discipline in disputatious dialogue arose in the informal war of words, where winning meant abandoning the other, regardless of reason; for instance, if the other person passed away halfway through the sentence, it meant that...

"The Sermon on the Mount" is the most studied text in the New Testament, considered by Christian exegesis to be essential to Christianity.

The draft law for amending and supplementing Law no. 85/2014, a legislative initiative that will transpose into national law the European directive 2019/1023 will introduce a culture of prevention through the pre-insolvency procedures included in...

An increase in the volume of non-performing loans is one of this year's risks for the banking system, Gabriela Folcuţ, Executive Director of the Romanian Banking Association (ARB) told us. "The Balance of Non-Governmental credit evolved...

The new version of the law of giving in payment, passed by president Klaus Iohannis in mid-May, seems to have convinced the courts, which have already begun ruling in favor of debtors.

• IMF: "The initiative of suspending the payment of debts needs to be extended until 2021" 

1. To the Chinese and Japanese, the word "crisis" is expressed through two different symbols, which mean "danger" and, respectively, "chance/opportunity". If we have to face the danger, that doesn't prevent us from...

Reporter: What is your view on the current economic situation?

March 2020 has seen several firsts, the effects of which are already being felt in the economic environment. The coronavirus epidemic has already started being felt in the first days of March, when a large number of companies decided that their...

More than four and a half years after the explosion of the Swiss franc, (CHF), after repeated protests by debtors, wide scale debates in the Parliament, concerning draft laws on the matter, promises by politicians and banks that they would...

Lately, it seems that not a day goes by without the international press pointing out the inability of the central banks before the adverse dynamic of the real economies worldwide and the increased volatility on the international markets.

The Finance Ministry is preparing the tax amnesty for all companies in Romania, for all debts owed to the state budget until December 31st, 2018. The amnesty is dissimulated into a project where the ministry claims it is a financial restructuring...

• Interview with economist Lucian Isar 

Adrian Vasilescu, strategy consultant at the NBR, has caused outrage in the press and in society through his statement madea the end of last week, that Romanians affected by the introduction of the new degree of indebtedness " should get 2-3...

In banking there are many risks and that is why banks need to be flexible and have as diverse an exposure as possible, which take the market circumstances at the time into account, says Radu Graţian Gheţea, President and CEO of CEC Bank. He told...

• Piperea: "In the Andriciuc case, the EU Court of Justice has not limited its argumentation to the CHF, but expanded it to cover any currency for which the debtors weren't hedged" 

The urge "Mircea, act like you're working!", back in the days of the so-called revolution of December 1989, was brought back recently by a new "director".

PNL senator Daniel Cătălin Zamfir does not disappoint. His draft law concerning the capping of interest rates was the first that appeared on the agenda yesterday, in the common meeting of the specialized commissions and despite the controversies...

The sale of Bancpost to Banca Transilvania, without the loans paid to day that were assigned in the past to a Dutch entity, has once again brought up the issue of loans sold abroad, even though they were performing. Customers who have found...

The ruling issued by the Court of Justice of the European Union (CJUE) in the Andriciuc versus Banca Românească case represents a great advantage for Spanish debtors, said Patricia Suarez Ramírez, the president of the Association of Financial...

All the banks that have granted CHF loans will be audited by the National Consumer Protection Authority (ANPC), its chairman Bogdan Pandelică, announced yesterday in the Economic Commission of the Senate.

The non-banking financial institutions have been fined a total of 337,000 lei, following the audit conducted by the National Consumer Protection Agency (ANPC), between May 8th, 2017 - June 16th, 2017, according to a report of the ANPC, published...

In 2007, we had a EU-facing strategy, and now we need a Eurozone-facing strategy, said Adrian Vasilescu, strategy consultant with the National Bank of Romania (NBR).

The lending boom in the second half of the last decade was caused by a combination of factors, with the most important being, according to the opinion of the NBR, the overall trend towards deregulation and laissez-faire worldwide, the full...

WTCB was created in 1994, as a joint Romanian-French company, in which the Romanian party held 55% of the shares. The World Trade Center Bucureşti complex also includes the 4-star Pullman hotel, which is part of the Accor international network....

The amounts paid to banks by the National Fund for the Guarantee and Counterguarantee of Small and Medium Enterprises Loans (FNGCIMM) for the First Home Program get recouped from debtors, through foreclosure, by the National Fiscal Administration...

In the ruling of the Constitutional Court of Romania, (CCR) concerning the law of conversion, a grave mistake has been made, some specialists claim, who stress that the CCR has also invoked the principle of bicameralism when it has ruled that the...

CHF borrowers (CHF) keep their optimism and wait anxiously on any court ruling. Except their expectations have been denied lately, as many courts, as well as the Constitutional Court have postponed or denied as inadmissible various lawsuits or...