CĂUTARE (202)

Investors in bonds issued by Alser Forest SA, a company that recently entered insolvency, accuse that Albert Şerban, the majority shareholder of the company, intentionally led the company into insolvency in order not to return the borrowed money....

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.

The Leu has reacted differently against various currencies, during the pandemic, with the EUR/RON exchange rate going up, while the opposite happened to USD/RON. The latter happened because of the weakening of the dollar against the Euro, during...

In the last quarter of 2019, the global Gross Domestic Product increased by 3 trillion dollars compared to the same period of the previous year, amid a 12.1 trillion increase in global debt.

The state of alert has left its mark both on the political scene and the economic activity carried out in June. Many of the measures passed by the Government and Parliament have been aimed at further supporting the private business community and...

• Not even the Wizard of Oz could solve the issue of government revenues and expenses 

Extraordinary is no longer a word that is sufficient to describe what the Federal Reserve, the US central bank, has done or is doing to stop the propagation of the effects of the coronavirus epidemic, not just on the economy of the United States,...

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...

(• Interview with Radu Graţian Gheţea, Chairman of the Board of Directors of Libra Internet Bank and Honorary President of the Romanian Banking Association) 

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...

• (Interview with Daniela Iliescu, CEO of Patria Bank) 

The Bretton Woods moment has left a mark in politics. The conference which was held in New Hampshire, United States, 75 years ago, has represented a first globalization exercise, in which 44 states have participated, the effort of structuring the...

• Interview with economist Lucian Isar 

The leu has seen a constant and steep drop against the major currencies this month. This phenomenon has sparked diverse opinions, with part of the public opinion pointing the finger at the National Bank of Romania (NBR).

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...

"The markets are turning into the markets' greatest enemy", wrote an analyst of Goldman Sachs in a note addressed to its customers, according to an article by Bloomberg, and the jump in the VIX volatility index last month "is a...

The first hike of the policy rate in the last ten years, by 0.25 percentage points, is too small and has come too late to have a significant effect on inflationary expectations.

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...

The 3-month ROBOR rate, which is used to calculate the interest rates, the majority of the loans denominated in lei, has jumped past the 2% psychological level, and yesterday reached 2.06%, up from Tuesday's 1.92%, according to data from the...

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 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...

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...

Steven Van Groningen confuses me with every one of his actions: "I care. That's why I was in that square", the Dutchman who is the president of Austrian bank Raiffeisen Bank, the chairman of the Council of Foreign Investors (for a...

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...

Street protests in front of government buildings, heated debates over some legislative projects, disagreements between bankers and MPs, threats, arguments, debtors boycotting banks, foreclosures, empty promises, many lawsuits, suicides - this is...

Reporter: PSD leader Liviu Dragnea says he found a "hole" in the budget of 10 - 14 billion lei, because of the positive rectification of November, and the technocrats are defending themselves claiming that the deficit of 2016 was...

In his new year message, designated prime-minister Sorin Grindeanu promised urgent measures would be taken to increase the quality of Romanians' life. Isn't the irony of recent history cruel, when similar promises have been made in 2008,...

Reporter: Do you think that in 2009, we actually needed the loan that Romania took out from the international lenders? Why did we get to the point of having to call upon the international financial institutions, when the government had...

French National Consumer and User Protection Agency (CLCV) has brought a class action lawsuit against BNP Paribas Personal Finance concerning Swiss Franc indexed loans, according to sources close to the situation, quoted by the international...

One of the class action lawsuits in which lawyer Gheorghe Piperea is defending bank borrowers has been brought before the Court of Justice of the European Union (CJEU), through the preliminary questions addressed by the Court of Appeal of Oradea....

The National Bank of Romania (NBR) injected yesterday over 4.12 million lei in the banking market, this being the fourth repo operation conducted by the Central Bank in October, after the ROBOR index began rising at an accelerated pace.

"Make, I'm tired of living with an old fogey like you. Don't come looking for me; I have gone over the border with my German guy into Hungary..."

UPDATE 17:22 Raiffeisen Bank has not sponsored the Romanian Ministry of Public Finance, nor yesterday's event that Wolfgang Schäuble, German Finance Minister attended, the bank stated in a response sent to the "BURSA" editorial...

Three media people (I find it hard to call them journalists) were trying to outdo each other in presenting comparative calculations originating from the specialists of the NBR, proving using arithmetic that loans denominated in CHF have been more...

The bank debtors' struggle seems to be neverending.

The long awaited proposal of the conversion of CHF loans was rendered toothless yesterday by some proposals backed by the Government and by most MPs who were present yesterday in the meeting of the specialized commissions of the Chamber of...

The Euro rose constantly last week against the leu, from 4.4484 lei/Euro on Monday, October 3rd, to 4.4949 lei/euro - on Friday, October 7.

Deputies of the legal and budget commission have once again postponed the talks on the legislative draft concerning the conversion of foreign loans taken out in foreign currencies. The debates have been postponed until Monday, and MPS have...

Lucian Croitoru, advisor to NBR governor Mugur Isărescu, last Wednesday issued some kind of political theory by which, if I understand it correctly, he accredits the principle that the NBR necessarily becomes the whipping boy of the political...