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Those who want to develop businesses in South-Eastern Europe should do that in Bucharest, says Doru Lionăchescu the president of Capital Partners, a consulting company which was acquired by BT Securities, with the stated goal of creating the most...

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 Cioloş government seems to be working under the sign of blunders, as several of its ministers have been criticized by the public over their statements, during their almost five months of government.

The law of giving in payment would also be set to apply to loans sold to debt collectors, liberal deputy Daniel Cătălin Zamfir, the initiator of the legislative project told us on Friday.

The merger of the two Romanian exchanges - the one in Bucharest and the one in Sibiu - is once again being brought up, as the shareholders of the BSE are being asked to decide on the matter, in the General Shareholder Meeting of April 26th.

The assault on Europe has entered a new stage. The bridges that connect the continent to the past of its historic normalcy are being blown up one after another. With bombs, literally!

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...

A crooked banker belonging to the team of internet posters of the banking system had an idea on how to scam BURSA, at around 1:30 AM on Tuesday night by posting, in the comments section of the article "A PROPOSAL FROM MUGUR ISĂRESCU...

The management of SIF1 Banat - Crişana has proposed the allocation of last year's profit, of 75,324,568 lei, to the reported result and using the money for a stock buyback program, according to the convening notice of the General Shareholder...

The law of giving in payment may require banks to report to the NBR on their negotiations plans with customers and on the status of said negotiations, Mugur Isărescu, the governor of the Central Bank of Romania said yesterday.

The National Bank of Romania - ABSENT!

The European Central Bank has cut all the interest rates it "controls" in the last monetary policy session, in hopes of stimulating economic growth and inflation.

The global economy needs a collective boost to help it, as the volatile financial markets and low commodity prices create new worries concerning its health, says David Lipton, First Deputy Managing Director of the International Monetary Fund.

Greek finance minister Euclid Tsakalotos yesterday urged the country's international creditors to complete the review of the reform measures adopted in Athensby May 1st and to put an end to the long talks about the pension cuts, respectively.

To me it is still unclear who's giving us answers to the official enquiries that we are addressing to the National Bank of Romania, because it is the second answer, within a month, that claims to originate from them, but it is not assumed by...

Ilie Carabulea, a aa shareholder of Banca Comercială Carpatica (BCC), has recently filed a criminal complaint with the National Anti-Corruption Department (DNA) against Nicolae Cinteză, the head of the Oversight Division of the National Bank of...

The banks in the Eurozone have done very well in an environment where interest rates are very low, says Benoit Coeure, a member on the board of the European Central Bank (ECB), who adds that their new issues are not caused by the easing of...

Former president Traian Băsescu recently attacked NBR governor Mugur Isărescu, including him on the list of those who don't realize the responsibility that having a significant position entails, together with interim Bucharest mayor Răzvan...

After voting in favor of the introduction, in the Law of Giving in payment, of a cap of 150,000 Euros for the amount of the loan at the time of its granting, social-democrats seem to be having second thoughts on that aspect.

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

A potential exit of Great Britain from the European Union (Brexit) could affect the exchange rate of the sterling, according to a poll made by Bloomberg, which shows that the currency of this country could drop to 1.35 dollars or even lower,...

The National Bank of Romania (BNR) has to clarify whether Valentin Lazea, its chief-economist was granted a leave for February 24th, or he missed his day at the office to attend the conference called "An economic strategy for Romania: Answers...

Deutsche Börse AG, the operator of the Frankfurt stock exchange, and London Stock Exchange Group Plc (LSE), the company which owns the London stock exchange, are discussing a potential merger, with the analysis being at an incipient stage.

Romanian playwright Ion Luca Caragiale would have had fun yesterday, hearing our senators argue over the Report drawn up by the specialized commissions in the Senate (the juridical and the economic one), following the joint session concerning the...

The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving...

The Austrian authorities have taken yet another step on the mined field of financial "stability" of the so-called hard core of the Eurozone.

Mugur Isărescu, the Governor of the NBR: "Perhaps it would be better if the economy grew using other indicators than abusively resorting to lending".

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

The banks that report to the BIS (Bank of International Settlements) have reduced their foreign exposure to Central, Eastern and South Eastern Europe (CESEE) in Q3 2015, according to a report of the "Vienna Initiative".

Nassim Nicholas Taleb, the author of books such as "The Black Swan" and "Antifragile" that set the benchmark on discussing the fragility of the banking system, recently wrote on his Twitter account: "I wasn't worried about...

"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.

Former prime-minister Victor Ponta reacted out of the blue yesterday, when he saw that the former delegate minister for the business sector Lucian Isar is being heard at the National Anti-corruption Department, and accused Isar of having asked...

The risks for the US economy are rising, according to the statements of the president of the Federal Reserve (Fed), Janet Yellen, who indicated yesterday that the institution that she leads to postpone a new hike of the interest rate after it was...

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.

China's currency reserves have reached their lowest level in the last four years, as the central bank in Beijing (PBOC) sold dollars to support the exchange rate of the yuan.

There is no more time for future outlook, postponements or lengthy debates.

Communications minister Marius Bostan hints that it will take some time until the privatization of the stake that the state holds in Telekom România (former Romtelecom), because the authorities have not yet selected the appropriate method - sale...

When banks feel threatened by the passing of new draft laws or when they urgently need the help of the state, the ghost of the imminent collapse of the financial and economic system is aggressively "pushed" before the public and the...

The unemployment rate in Germany has fallen to a new all-time low in January, as the number of jobseekers fell more than expected, according to data published yesterday by the Federal Labor Office in Berlin.

Senators have begun their winter session with a one-week postponement of the Law on Giving in Payment, at the request of the banks' representatives, who claimed that they did not have enough time available to study the amendments.