CĂUTARE (65)

The exodus of foreign corporations from Russia starting in 2022, after Moscow invaded Ukraine, has resulted in losses for foreign companies of more than $107 billion from asset writedowns and unrealized income, a Reuters analysis of press...

University professor and economist Mircea Coşea believes that the fiscal measures that the Government wants to implement will inhibit economic growth, will lead to the transition of several companies to the black economy, because the respective...

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.

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

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...

• 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 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...

After forcing Raiffeisen Bank to eliminate the unfair practices from the loan agreements, the National Consumer Protection Authority (ANPC) strikes again, this time the biggest bank in the system. BCR lost in the court of first instance, against...

The National Consumer Protection Agency (ANPC) recently fined no less than 15 commercial banks, on charges of misleading advertising, according to sources close to the situation.

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...

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...

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....

Raiffeisen Bank Internaţional is about to lose any chance of taking the Romanian state to the International Centre for Settlement of Investment Disputes (ICSID), after sending a notification to the Romanian institutions about the law of giving in...

Advertising on Profit.ro and News.ro gets sold through "Ead.Ro Interactive", currently owned by Raduly Ramona-Cristina, who was among the names proposed as board members for Profit.ro Publishing, in the place of journalist Oana Osman, but...

Banks continue to discredit themselves publicly, now drawing the hostility of the Supreme Council of Magistrates (CSM), in the war they are waging both against their own customers and against the Parliament: in the beginning of July, Steven van...

In a banking system built on the foundation of money being created by banks through granting loans and fractional reserves, insolvency is the natural state of things.

Just as the unofficial "rating" of Deutsche Bank went from "atrocious" to "depressing", according to Dominic Elliott, writing for Reuters, following the publication of the earnings for Q1 2016, the German financial giant...

Lawyer Gheorghe Piperea has left the National Union of Insolvency Practitioners (UNPIR), and has resigned both from the position of first vice-president, as well as from the position of interim president that he held with the Union.

The rulings issued by the courts in the lawsuits filed by the National Consumer Protection Authority (ANPC) against banks apply to all similar loan contracts, the Constitutional Court of Romania ruled yesterday (CCR), which has rendered a ruling...

More than three months after it was sent back to the Parliament, the Law of giving in payment passed the Juridical Commission of the Chamber of Deputies.

The period of economic boom has exacerbated the asymmetry between customers and banks, and this aspect has created the need to create an entity that would provide consumers with the option for the alternative resolution of disputes with banks,...

The process of the passing of the law of giving in payment follows a political determination that is amazing enough for the traditional conflicts between the parliamentary parties and, as both its supporters and some of its opponents state, it...

The much awaited debate held yesterday in the plenum senate, has brought good and bad news to both parties involved (banks and customers).

Banks seem to be playing a losing hand in the battle on the Law of giving in payment.

"Humanize the banking market!"; this is the artistic interpretation which Adrian Vasilescu, a strategy consultant with the National Bank of Romania, gives to the European Directive 17/2014 concerning consumer loans.

The biggest German bank has been forced to reassure its investors that it can meet its liabilities this year, including the coupons for the convertible bonds issued to raise tier I capital.

• The lawyer says that "Piperea şi asociaţii" will no longer involve itself in any class action lawsuit to represent bank borrowers 

Reporter: How did the activity of Romanian banks with Greek shareholders go lately, in the context of the Greek crisis?

The first hearing in a class action lawsuit in which the court has ruled in favor of borrowers apparently was apparently held yesterday, according to three credible sources: lawyer Gheorghe Piperea, ANPC president Marius Dunca and lawyer Adrian...

Reporter: One of the burning issues that some banks, as well as some consumers are faced with, is that of loans denominated in Swiss francs. As OTP Bank is one of the institutions that have granted such loans and taking into account the fact that...

Reporter: Banks are faced with waves of complaints from customers. What is the current status of the lawsuits that BCR is involved in?

The Romanian authorities want Romania to enter the Eurozone, but they are not capable of transposing the provisions of the European legislation into ours, and when they do, they do it incorrectly, says Nicolae Cinteză, the head of the oversight...

Reporter: In the report about Romania, recently published, the International Monetary Fund states: "The legal risks remain a major problem for the banking system. A wave of recent lawsuits filed based on the Civil Code of Law passed in...

The National Bank of Romania (NBR) will put up for debate, in a working group, the creation of an independent mechanism that would be in charge of dealing with the disagreements arising between banks and consumers, before they get to the courts,...

While the members of Parliament have "wound down" in the issue of loans denominated in Swiss francs (it has been postponed for the second time on the 28th of January in the Budget Commission of the Chamber of Deputies, due to a lack of...

The program to convert, at a discount, the loans granted by Volksbank in Swiss francs (CHF) will be applied by Banca Transilvania (BT), after it becomes a shareholder of Volksbank, Nicolae Cinteză, the head of the Oversight Division of the...

The madness of loans denominated in Swiss Francs (CHF) seems to have reached a climax, where at least one of the banks involved has given in.