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On Friday (the first day of the application of the Law of giving in payment), the first hundreds of borrowers, have filed their notices about the assignment of the properties put up as collateral in the loan agreements to the bank, in order to...

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.

NBR governor Mugur Isărescu and the other members of the Board of Directors have not forgotten to file their wealth statements for the year 2015, in fact, they have even mentioned out the positions they hold with the institution, but...

In January, the parents of Raluca Simu, wife to businessman Horia Simu, have acquired, through "Remacon Project", 50% of the shares of Sodo Migliori International SRL, which owns the Cellini jewelry brand, and 50% of the shares of...

Banker and investors are looking for reasons to keep their confidence in the biggest bank in Italy, but they are hard to find.

Klaus Iohannis is concerned with the local elections, while the head of his government, Dacian Cioloş, tells us that healthcare has been his "top" priority, while the head of the Ministry of Healthcare - Cadariu Achimaş Patriciu - is...

Nicuşor Dan couldn't have picked a more unfortunate electoral slogan.

Regulators from some of Europe's biggest markets will take centre stage at this year's EUROMAT Gaming Summit which will take place at the Majestic Hotel in the heart of Barcelona.

Shareholders of the Romanian Commercial Bank (BCR) have renewed the terms of five of the members of fthe Supervisory Board, in the General Shareholder Meeting of April 22nd.

The European Commission has proposed yesterday a permanent system for the distribution of refugees in the countries of the European Union, with the Eurocountries being allowed to refuse receiving migrants from outside the European community for...

Just as the unofficial "rating" of Deutsche Bank went from "atrocious" to "depressing", according to Dominic Elliott, writing for Reuters, following the publication of the earnings for Q1 2016, the German financial giant...

In yesterday's General Meeting, the shareholders have voted against the dismissal of the Supervisory Board, along with all the items on the agenda requested by a group of shareholders, while approving the proposals of the SIF3 directorate,...

Valeriu Zgonea has been excluded from the PSD because Liviu Dragnea was sentenced to two years in prison with suspension.

Liberals are falling like bowling pins hit by the ball of the Mayoralty of Bucharest- wham!, Cristian Buşoi, wham!, Ludovic Orban, wham!, Marian Munteanu -, and Cătălin Predoiu, the fourth candidate nominated for this bowling match in just a...

On April 25th, the shareholders of SIF1 have approved a stock buyback program in the Extraordinary Shareholder Meeting.

China's total debt has increased to a record level of 237% of the GDP in the first quarter of 2016, far exceeding the level reached by other emerging countries, which increases the risk of a financial crisis or of the extended slowdown of the...

When speaking about financial education, we are speaking about the bankers' financial education, of the customer service officers in banks, who don't always know how to talk to people, explains Adrian Vasilescu, strategy consultant in the...

Lawyer Gheorghe Piperea has left the National Union of Insolvency Practitioners (UNPIR), and has resigned both from the position of first vice-president, as well as from the position of interim president that he held with the Union.

The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials...

Yesterday, bankers received some hard-hitting questions from some 11th grade students, in a meeting dedicated to financial education.

The shareholders of "Cocor" SA (COCR) are being summoned, on May 23rd, to decide on the sale of the "Cocor" store, at the request of "Broadhurst Investments Limited", according to a press release sent to the Bucharest...

The rulings issued by the courts in the lawsuits filed by the National Consumer Protection Authority (ANPC) against banks apply to all similar loan contracts, the Constitutional Court of Romania ruled yesterday (CCR), which has rendered a ruling...

The government did not send the law of giving in payment to the Romanian Constitutional Court (CCR) nor has it discussed doing it, Dan Suciu, spokesperson of the Government assured us yesterday.

The people who have borrowed from banks starting from the First Home program which could benefit from a similar law to the one that stipulates the giving in payment.

BCR, part of Erste Group, has appointed Knight Frank România to sell the Silver Mountain complex of Poiana Braşov.

The International Monetary Fund has tried to attenuate the pessimism reflected in its World Economic Outlook through the Global Financial Stability Report, titled "Potent policies for a successful normalization".

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...