CĂUTARE (59)

Eurovision, the highly controversial European music contest, continues to attract interest and consume a lot of money. Voters in the Swiss city of Basel have approved funding of almost 40 million euros to host the annual Eurovision 2025...

European stock markets rose yesterday, mostly, in the conditions in which Republican Donald Trump will return to the White House, following his victory in the US presidential elections.

The Swiss franc reached, yesterday, the highest level against the euro, in the last almost ten years, in the context of the turbulences on the financial markets, against the background of fears regarding a possible recession in the USA and the...

"We're still in the recovery phase, so we're not in an anything goes environment but a selective environment," said Martin Thorneycroft, head of cash ECM in EMEA at Morgan Stanley, which co-led the Galderma IPO.

Swiss construction materials giant Holcim Ltd. will separate its North American operations through a listing on the New York Stock Exchange (NYSE), an operation that could value the business at $30 billion, according to Reuters.

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.

• According to some information and documents obtained by BURSA, Dan Drăgoi and Viorel Panait have concealed the takeover of Comvex behind a share capital increase  

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...

(• 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...

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...

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...

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...

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.

We have gotten accustomed to Banca Transilvania (BT) distinguishing itself from the other lenders in Romania, as it has shown on several occasions that it is close to its customers, by making decisions that were unique in the market.

The message which the president of the National Bank of Switzerland (SNB), Thomas Jordan, conveyed at the end of last week, is an atypical one, economists think, and they emphasize that no central banker makes random statements.

While in Bucharest, on Friday, Swiss franc borrowers have protested against the NBR claiming that the central bank does not represent the consumers' interest, Poland's Presidency has proposed a draft law for the conversion of zlotys of...

A powerful decline of the franc would be welcome this year for the Swiss economy, which has been under a lot of pressure last year, after the removal of the minimum peg on the Swiss Franc/ CHF ceiling, SNB president Thomas Jordan thinks.

The tentacles of the scandal concerning the Law of giving in payment keep stretching farther, and over the last few days, the clash has revolved around the issue of the National Anti-corruption department.

The heated debates around the law of giving in payment of the ban collaterals have brought to the attention of the public a number of arguments which were far too underexplained by those that used them.

Bank borrowers have asked for the resignation of Mugur Isărescu governor of the NBR, protesting against corruption.

The European Central Bank (ECB) is admonishing Croatia, in a six page document, issued on Friday, for the law which allows the conversion to Euros of loans denominated in Swiss Francs.

The Croatian government is preparing a law concerning the conversion in Euros of the Swiss Franc loans, a measure which will benefit several thousands of debtors, a government source told Reuters yesterday.

Shares of Polish banks fell significantly yesterday on the WSE (Warsaw Stock Exchange) after the Seim, the lower chamber of the Parliament has approved the law on the conversion of loans denominated in Swiss francs.

You'd think it's a mistake.

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...

Polish authorities seem determined to help customers that have CHF loans and to force the banks to share part of the burden.

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...

While we've become accustomed to the fairy of Banca Transilvania presenting us "Plan B...as in BT", yesterday, the bank announced "plan A", after the completion of the acquisition of Volksbank România, specifically the program...

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,...

Reporter: How do we resume lending in Romania?

The new product that the Ministry of Public Finance is working on together with bankers, for the resolution of the Swiss franc crisis (CHF), is at an advanced form, minister Darius Vâlcov said, without providing explanations.

It is part of the decency of the banking profession to inform your customers about the currency risk when granting loans, said Philippe Lhotte, chairman and CEO of BRD, in a statement of position concerning the row of loans denominated in Swiss...

The crisis of loans denominated in Swiss Francs (CHF) has caused those that have outstanding loans in that currency to resort to a new strategy.

The Ministry of Public Finance is working, together with the banks, on "a new product" to resolve the issue of loans denominated in Swiss Francs, Finance minister Darius Vâlcov said last night.

NBR governor Mugur Isărescu yesterday said that Volksbank has always been a distressed institution and that "there have been heavy negotiations to allow the assets of Volksbank to be sold at a price which would allow Banca Transilvania to...

CHF borrowers suspect that banks have made speculations based on lending terms, as many consumers claim that, at the time they contracted their loans denominated in CHF they got their money either in lei, or in Euros.

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...