CĂUTARE (54)

In the current context in which budget expenditures are quite high, and the state has come to borrow to cover them, there is a need not only to reduce some of the expenditures, but also to increase budget revenues to pay for these expenditures,...

A global trade war, volatility in financial markets and high debt levels are the three major risks facing the euro zone economy, according to the vice president of the European Central Bank (ECB), Reuters reports.

The Recovery and Resilience Mechanism cannot be considered a truly "performance-based" instrument, states a report published last night by the European Court of Auditors (ECA). The cited document states that, although payments are not...

• According to the ECA audit of the EU budget last year, the additional costs for Next Generation EU loans will be between 17 and 27 billion euros • To finance this mechanism, the EU has borrowed 268.4 billion euros so far 

The first month of summer was more hectic than usual due to the fact that, in addition to the budgetary problems faced by the Government, on June 9 we had European parliamentary and local elections, new amendments to normative acts in the field...

In 2023, Romania's economy recorded a moderation in the growth rate, to 2.1%, which however remained relatively solid from a European and regional perspective. The twin deficits remained at high levels, while the annual inflation rate evolved...

The loans contracted by the European Union will represent in the coming years a real bomb from the community budget that will have to be defused by the decision-makers in Brussels, claims Nicolas-Jean Brehon, budget advisor of the Schumann...

Tony Murphy, president of the European Court of Auditors (ECA - European Court of Accounts), states that the deadline - December 31, 2026 - for the implementation of the NRDPs represents a factor that "contributes even more to the risk"...

The main banks listed on the Bucharest Stock Exchange (BVB) had an exceptional evolution last year, in conditions where high interest rates and a certain robustness of the economy, which meant that borrowers did not have payment problems, were...

The government was focused in the 4th financial quarter to reduce the budget deficit that it faced in the middle of the year and in the 3rd quarter, so that the officials in Brussels do not block the allocation of funds for our country from the...

The incompetence of the public authorities left its full mark on the end of the year, the month of December being marked by two tragedies that show the fact that, despite the tragedies at Colectiv and Crevedia, despite the scandal of the Asylums...

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 Competition Council suspects that banks, through the way they calculate the credit score, are blocking access to loans for some customers and making refinancing more difficult. In this context, the Competition Authority conducted inspections...

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 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" 

The new coronavirus continues to cause massive damage to the global economy. No sector or industry has escaped the COVID 19 pandemic, and the negative impact of the first half of this year is witnessing the blow received from SARS-CoV-2.

The European Central Bank (ECB) is currently drawing up back up plans to resume its bond purchase program, amounting to several trillion Euros, without the German central bank (Bundesbank), if the German courts force the Bundesbank to withdraw...

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

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).

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" 

Reporter: How did CEC Bank end the first semester of the current year, from a financial point of view?

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....

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.

It took a year and five months since the Swiss Franc blew up for us to adopt an extreme solution for people who borrowed in the currency that looked so tempting eight years ago.

In the latest press conference of the NBR, governor Mugur Isărescu also mentioned the law of giving in payment, and stated that the reexamination of the draft law must take into account the recommendations received from the European Central Bank....

Reporter: What will be the first effects which the Giving in Payment law, passed a few days ago in the Parliament, will have on the banking system?

If the law on the conversion of loans denominated in foreign currencies which the Ministry of Public Finance is currently working on, were mandatory, then customers could be hurt, says NBR deputy governor Bogdan Olteanu.

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...

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.

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 issue of loans denominated in Swiss Francs (CHF) is becoming increasingly disputed in the Parliament, where it seems that an increasing number of controversies are taking place concerning the numerous draft laws filed on the matter.

The draft law which says that borrowers that have taken out loans denominated in foreign currencies may be allowed to repay early or to refinance their loans at the exchange rate effective at the time the loan was contracted was approved...

Reporter: Mr. Dan Radu Ruşanu, it is an unprecedented decision in terms of the market share of the company which you have placed under financial reorganization through special administration. The first questions are why ASTRA and why now?

Lenders are really interested in agriculture and that sectors represents one of the priorities of BCR Leasing. Anca Mitroi, the deputy of the sales department of BCR Leasing said: "Agricultural businesses don't have loan arrears, and the...

Reporter: How will we be able to get past the current absorption rate of 15%?