President Klaus Iohannis promulgated on last Monday the law on consumer protection, which refers to the capping of effective annual interest rates of non-bank financial institutions and the curtailment of claims that debt collectors request.The law was adopted by the Chamber of Deputies on March 26 as the decision-making body. Deputies belonging to the parliamentary group of Save Romania Union and unaffiliated MPs have challenged the law at the Constitutional Court of Romania (CCR). On July 11, the CCR unanimously rejected the constitutionality objection as unfounded and found that the provisions of the Consumer Protection Act on the total cost of credit and the assignment of receivables are constitutional in relation to the criticisms made.The normative act targets measures on consumer protection in their legal relations with non-bank financial institutions and entities that carry out the activity of debt recovery, establishing rules against excessive interest rates, the explanatory memorandum states.The provisions of this law shall enter into force 90 days after the date of its publication in the Official Journal of Romania, Part I.
Romanian border police announced on August 13 that they had seized 473 mobile phones suspected of being counterfeit, with an estimated value exceeding RON 3 million. The discovery was made the day before, on August 12, during a routine patrol near the Nădlac border area. ...
In a landmark moment for Romanian ornithology, experts have confirmed the nesting of the lesser kestrel (Falco naumanni) in the country for the first time in over a century. This rare and significant event, backed by photographic evidence, marks a pivotal step in understanding and conserving this globally threatened species in the region, the Romanian […]
David Popovici, Romania's Olympic, World, and European swimming champion, has been named the first "Friend of the Brand" by Porsche in the country. The partnership marks a significant recognition for the 20-year-old athlete, whose extraordinary achievements have made waves on the global swimming stage. Popovici is the only...
Romania’s men’s national basketball team qualified for the 2027 FIBA World Cup qualifiers after defeating North Macedonia 79-66 (26-19, 19-15, 14-15, 20-17) on Wednesday, August 13, in Oradea. Romania faced North Macedonia as part of Group E of the second phase of the competition’s pre-qualifiers. The top two teams qualify for the 2027 World Cup […]
The National Federation of Public Administration Trade Unions (FNSA) has voiced strong opposition to a government proposal to reduce staffing levels in local public administration by 20%, warning that the move could paralyse essential services. The reform plan, published this week for public consultation by the Ministry of Development, Public Works and Administration, envisages the […]
Romania’s economy grew by only 0.3% gross in the first half of 2025, and by 1.4% in seasonally adjusted series, according to data published Thursday, August 14, by the National Institute of Statistics (INS). In the second quarter of 2025, compared to the previous quarter, the Gross Domestic Product increased by 1.2%. Compared to the […]
