The European Commission decided to open an infringement procedure (INFR(2024)2247) by sending a letter of formal notice to Romania for incorrect transposition of the Mortgage Credit Directive (Directive 2014/17). The purpose of the Directive is to create an efficient and competitive single market for consumers, creditors, and credit intermediaries with a high level of consumer protection in the field of mortgage credit. The Directive requires that credit intermediaries authorised in other Member States to operate in Romania, either remotely or through a local branch. They can do so based on their authorisation in their home Member State and without any additional authorisation or registration by the Romanian authorities. The Commission considers that Romania has not properly transposed these aspects of the Mortgage Credit Directive. The Commission is therefore sending a letter of formal notice to Romania, which now has two months to respond and address the shortcomings raised by the Commission. In the absence of a satisfactory response, the Commission may decide to issue a reasoned opinion.
Footprints AI, a Romanian technology company developing and commercializing an advanced retail-media and retail-data-insights platform, has attracted a EUR 2.3 million investment to support its international expansion and accelerate technological development. The funding round was led by Catalyst Romania, with a contribution of EUR 1.5 million. SeedBlink, the European equity crowdfunding platform, also contributed to […]
Romania's national airline Tarom said that the announced strike of Greek air traffic controllers, which is set to last 24 hours from February 27 at 22:00 until February 28 at 21:59, will also impact its schedule. Thus, the air carrier stated that flight RO273 between Bucharest and Athens on Friday, February 28, will be canceled. […]
Authorities in Romania have uncovered alarming conditions in over 250 care homes for the elderly and people with disabilities, including minors, following a series of inspections led by the National Authority for Consumer Protection (ANPC). The checks, carried out in collaboration with several state institutions, revealed severe violations of hygiene and food safety regulations. Inspectors […]
A team of international researchers has uncovered two new species of dinosaurs in Romania's Hațeg Basin, part of the UNESCO Global Geopark Țara Hațegului, the University of Bucharest announced. The discovery, led by Dr. Verónica Díez Díaz from the Museum für Naturkunde Berlin, sheds new...
Romania's opposition party Save Romania Union (USR) has called on defence minister Angel Tîlvăr to clarify how a company with alleged ties to Russian oligarch Oleg Deripaska was awarded a contract for the construction of NATO's largest military base in Europe at Mihail Kogălniceanu. The party has raised concerns over national security and urged an […]
According to the global leading index provider FTSE Russell, all 11 Romanian companies included in FTSE Global All Cap and FTSE Global Micro Cap indices, dedicated to Emerging Markets, kept their places within these global indices. Moreover, the shares of Aquila Part Prod Com (AQ), Arobs Transilvania Software (AROBS), and Sphera Franchise Group (SFG) companies […]
