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The European Central Bank has announced banks that have exposure to Heta Asset Resolution (HAR) the recommendation to wipe at least 50% of the value of the amounts they lent to the institution.

On the table of Mario Draghi, the president of the European Central Bank (ECB), jumped a blonde lady, during the press conference held yesterday in Frankfurt, and she "attacked" him by throwing confetti on him and started shouting...

SIF Moldova and "Delta Solar Investments", with a combined holding of 9.03% of Sibex, want the Sibiu exchange to return to shareholders the money it got from the liquidation of the Romanian Clearing House (CRC), as well as the reduction...

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...

In a world of money made from nothing, the illusion of stability has also been maintained by having the state "guarantee" the bank deposits of the population.

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,...

If a debtor is unable to overcome its financial difficulties and enters insolvency, the legislation allows them to enter judicial reorganization to allow them to continue their business operations.

The insolvency of the state's territorial-administrative entities was regulated in 2012, through an emergency ordinance, but the legislation in the sector does not get applied, said Diana Deleanu, lawyer and insolvency practitioner with...

Businessman Ioannis Papalekas yesterday announced that he would sue for damages and he would file a criminal complaint against archbishop Ioan Robu, who, on Friday, accused him of creating a criminal faction together with Dragoş Bîlteanu and...

Whereas before, the DNA would use house arrest and pretrial (monitored) conditional release, instead of preventive custody, to negotiate information about offenses from the political and business world, the prosecutors are now using as...

Reporter: How do we resume lending in Romania?

A man set himself on fire, on Friday, at the headquarters of Raiffeisen Bank of the center of Iaşi, after shouting "You took my children's money and you took my home!", according to a report by www.bzi.ro, which also posted a movie,...

The judicial system is independent.

2014 was the year of uncertainty for the Romanian gambling industry, says Dan Ghiţă, the president of the Romanian Association of Gambling Organizers - ROMBET.

The evaluators that handled the retrocessions managed by the National Authority for the Restitution of Properties (ANRP) made mistakes in their calculations amounting to tens of millions of Euros, and the case of Alina Bica, who was arrested last...

If you want to survive as a manager, after you've made a big management mistake, you have to urgently create a straw man issue and straw man enemies to fight with outraged ardor.

One of the burning dilemmas that shareholders have as a result of the elimination of the Rasdaq market and of the launch of the AeRO alternative system concerns shareholder rights in the event of an IPO.

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.

The new legislative amendments passed at the end of last year through Emergency Government Ordinance 92/2014, that concern the gambling market, resolves an entire range of problems that were reported over the last few years by the representatives...

Former presidential advisor Bogdan Drăgoi considers that the draft Fiscal Code, put up for debate by the Minister of Finance, is the best project for the time when the current governing party will be in the opposition.

In the coming 10-15 years, Romania will be developing in a new European Union, which will be quite unfavorable to us, economist Aurelian Dochia considers.

The current international context is very bad, according to the statements of former presidential advisor Iulian Fota, who thinks that Romania is unprepared for future developments.

New banking models will be visible in Romania soon, Radu Graţian Gheţea, president of the Romanian banking association and CEO of CEC Bank announced.

The Romanian banking system is resilient, flexible and reliable, but it can face a crisis at any moment, which could affect it even if it did not target it directly, said Iulian Chifu, the president of Conflict Analysis and Early Warning Center.

There are no premises for lending in Romania, even if the interest rate charged by banks has dropped gradually over the last few years (reaching a reasonable level compared to 2007-2008), the economic situation has stabilized to a certain degree,...

The changes proposed as part of the new fiscal code are positive, says Mircea Tudor, the president of MB Telecom, who claims that the Ministry of Finance shows an openness to the business sector it has never shown before.

Satu Mare senator, Valer Marian, sent us an enquiry which he will be presenting in the Senate's meeting of Thursday, February 19th, concerning "certain aspects of a criminal nature pertaining to the activity of the Dâmboviţa Forest...

Romania's economic growth can be consolidated, in the current context, through methods such as using its internal efficiency reserves - the fight against corruption, for example -, by developing the domestic component of the banking system,...

Between 2009 and 2014, the Romanian banking system had a net loss of 1.6 billion Euros, said Florin Georgescu, First Deputy Governor of the National Bank of Romania (NBR).

Romania needs a budget that must be allocated by companies, in order to encourage the consumption of Romanian products, says Andrei Dudoiu, the Deputy Managing Director of Banca Transilvania.

The value added tax and the excises may be cut earlier than we would have expected, specifically, by the end of 2015, as announced on February 19th by Darius Vâlcov, the minister of Public Finance, at the "Romania's development in the new...

The news that the Financial Oversight Authority has recommended the listing of some of the state owned companies on the Bucharest Stock Exchange would sound good, if it didn't mean that in fact, the Authority is getting involved in things...

Petrom, the biggest Romanian company, may be listed on a foreign stock exchange as well, but that information reached investors in a discriminatory manner, contrary to what would have been normal and mandatory, according to the capital markets.

An "athletic" diplomatic effort in Minsk, heavily covered in the media, has ended inconclusively, with a cautious assessment, despite the efforts of the political protagonists to "inject" the feeling that the result is...

The National Anti-Corruption Department (DNA) is conducting investigations on the complaint filed against Elena Udrea concerning the use of European grants for the development of the "Stejarii" club, according to information provided to...

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.

I think that the accusations uttered by deputy Elena Udrea against the interim boss of the Romanian Intelligence Service (SRI), general Florian Coldea, that he has influenced the outcome of the presidential elections in favor of Klaus Iohannis...

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.

"Fiscal obscenity!", exclaimed famous graphic artist Eugen Mihăescu, referring to the practices of Adrian Sârbu, in the year 2000, but in fact, the lack of decency has been a part of not only his business relationships with the state, but...

Banca Transilvania (BT), led by Horia Ciorcilă, signed a "firm commitment" to acquire 100% of the shares of Volksbank România in December 2014. Banca Transilvania seeks to gain the second position in the Romanian banking system, following...