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The first three lawsuits declined from a collective brief which was severed by the courts, concerning the abusive lending terms, have been won by the borrowers, against Volksbank, according to lawyer Adrian Cuculiş.

Reporter: What is your opinion on cyber security in Romania?

The current case of the defrauding of the BRD, of almost 44 million Euros, is severed from the famous banking case, opened by the DIICOT in 2012, wherein 56 employees were indicted. In that case, several big names were heard, including Gheorghe...

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

The EU is increasingly weaker and it is becoming impossible to control the processes that are taking place on its territory, informs Sputnik International, which states that Europe will become a playground for the US and Russia, which are trying...

Transcarpat Sportours International SRL, which does weapons related business, has sent a petition to the Abuse Commission of the Chamber of Deputies, in which it complains about "a superficial attitude" of the Parliamentary Commission of...

South African investment fund New Europe Property Investments (NEPI) yesterday chose to open the doors of Mega Mall in the National Arena area of Bucharest, among workers, scaffolds and dust, which is unusual for a project which wants to be seen...

A framework agreement on the final agreement with the Iranian nuclear program was obtained in the beginning of April, following marathon negotiations.

The evolution of the Euro has messed up the plans of the Mayoralty of Bucharest, which has refinanced in lei a loan made in Euros, precisely to escape the currency risk.

Austerity policies, associated with the debt crisis unfairly weigh on the poor, cardinal Oscar Andres Rodriguez Maradiaga recently said, in an interview with Bloomberg, the closest advisor to Pope Francis.

The elimination of the Rasdaq and the transfer of the issuers to other markets are opportunities for the Bucharest Stock Exchange (BSE) to avoid the rules or to construe them as it suits it, along the lines of "we'll work something out".

Reporter: In the report about Romania, recently published, the International Monetary Fund states: "The legal risks remain a major problem for the banking system.

Women that truly want to change the society we live in should not mistake gender equality for patriarchy, said her Excellency Thenjiwe Ethel Mtintso, South Africa's ambassador in Romania, at the third edition of the Female Entrepreneurship...

Iran has requested a cooperation with Russia, India and China to counter NATO's military expansion plans in Europe, said Iranian Defense minister Hossein Dehghan, said yesterday in Moscow.

The Hunedoara energy complex needs a deep restructuring to be able to survive on the domestic energy market under competitive conditions, Gert-Jan Koopman, deputy general director in the State Aid Department of the European Commission.

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,...