The Board of Banking Employers of Romania considers that the draft law on the sale of real estate properties is "unfair and wrong," the Board's Spokesman Bogdan Preda said on Tuesday. "We will absolutely take all the steps to highlight that this draft law is not only unfair but also wrong. We are witnessing here at helping investors, not social cases. This bill does not differentiate at all between the debtors with social problems and the debtors giving the bank the keys to their beach villas because they believe they have bought them for a high price and now their price is quite low," said Bogdan Preda. He added that all social cases that are no longer able to cover their loans had been included by the National Consumer Protection Authority in its draft law for implementing the European Union's Directive 17 in as early as this year's spring. "The consequence of this law will be increased cost of lending. (...) I believe that it is a bill aimed at solving mainly the problem of the people who hold many properties," concluded Preda.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
