Romania’s consumer protection authority, ANPC, said on Friday that the Romanian arm of Austria’s Raiffeisen Bank has reimbursed with 13.4 million euro ($14.2 million) as many as 5,530 customers affected by unfair commercial practices. The reimbursements represent an initial share out of a total of roughly 21.7 million euro owed to approximately 8,580 customers, the consumer protection authority said in a press release. The reimbursements follow a court ruling that confirmed an ANPC order related to unfair commercial practices at Raiffeisen resulting in raised interest rates for consumer loan accounts and affecting consumer financial interests from 2006 until 2009. The first set of reimbursements has been disbursed starting November 21, 2021, to clients with active Raiffeisen accounts in lei or the currency of the credit account for which they have been charged unfairly. An additional 3,050 clients who do not have active Raiffeisen accounts in either lei or their loan currency are owed reimbursements of roughly 7.2 million euro. These clients are awaited at any Raiffeisen Bank branch to indicate in writing their active account numbers which can be the recipients of the reimbursements.
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
Romanian president Nicușor Dan is scheduled to be in the United Kingdom on Tuesday and Wednesday, December 16-17, to meet with representatives of the business environment and the Romanian community. On the first day, the head of state will hold meetings with Romanian representatives from the business environment in the UK, as well as with […]
More than 300,000 older people living in Romania’s urban areas are expected to spend Christmas alone, according to data cited by the NGO Niciodată Singur – Friends of the Elderly, which recently launched its annual holiday campaign aimed at tackling loneliness among seniors. The initiative, titled “Be the Carol That Breaks the Silence,” is based […]
