English Section

The law of giving in payment has passed the Chamber of Deputies yesterday with a crushing number of votes in favor after previously being voted unanimously in the Senate.

The biggest Italian banks, insurers and asset managers in the country, have accepted, on Monday night, to create a five billion Euros fund meant to help troubed banks, to allay investor fears over the stability of the local banking sector.

Unemployment rate in Greece increased slightly in January this year, to 24.4%, from 24.3% in the previous month, and down from 25.7% in January 2015, according to the Athens Statistics Bureau - ELSTAT.

Some of the Jews hanging around in front of the Wailing Wall seized the opportunity provided by the arrival of Klaus Iohannis on location to hide behind Laura Codruţa Kovesi and peek at what he was doing.

More than three months after it was sent back to the Parliament, the Law of giving in payment passed the Juridical Commission of the Chamber of Deputies.

Several myths have been shattered through the recent disclosure of the conversation between IMF employees Poul Thomsen and Delia Velculescu, which shows how they conspire to reach their goals, and for us, the subject is even more interesting,...

Adrian Sârbu, the owner of Mediafax, has been indicted at the end of March, on charges of tax evasion, abetting embezzlement and money laundering.

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...