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.
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
Polish LuxVet Group has acquired the Bucharest veterinary clinic RegalVet. The acquisition brings LuxVet’s local portfolio to five clinics and hospitals, one year after entering the local market. RegalVet Veterinary Clinic, which offers non-stop veterinary care, specializes in emergency veterinary medicine and surgery. The clinic employs ten qualified specialists, including veterinarians, technicians, and administrative staff. […]
