The bank loan moratorium, for bank debtors facing financial problems due to the crisis prompted by the war in Ukraine, was enacted by the Romanian Government on June 29. Those who face increases in spending by 25% are entitled to request the moratorium, which allows for the deferral of installments. Finance minister Adrian Caciu, however, recommended those debtors who can pay their installments not to use the instrument because they'll eventually pay more. "It is an instrument available to those who really have difficulty because, obviously, any postponement of installments will lead to the obligation for these installments to be paid later and with a series of costs along with them, respectively the related interest," Caciu said, quoted by Economica.net. The moratorium was also approved by the National Bank of Romania (BNR) but also by the Romanian Association of Banks (ARB). It is a tool for those in difficulty, both individuals and legal entities, minister Caciu explained. He outlined some alternatives customers have: switching to a fixed interest rate, switching from one benchmark to another (from ROBOR to IRCC) or refinancing the loan, rescheduling or restructuring the loan. Prime Minister Nicolae Ciuca said on Wednesday that the government will approve during the day several measures of the 'Support for Romania' program, mentioning a 9-month forbearance on bank installments, support for institutionalized children, young families and students and the extension of the 'SME Invest plus' program."We will continue to adopt the measures included in the 'Support for Romania' plan and to this effect we will approve today the suspension of bank installments for a nine-month period, a measure applicable to both individuals and companies facing difficulties caused by the increase in prices and all the elements related to the inflation everybody feels. Also, at today's government meeting we will approve the Emergency Ordinance on support to institutionalized children, young families and students," the Prime Minister announced at the beginning of the Executive's meting.Ciuca also mentioned that the 'SME Invest plus' program will be extended."It is a measure we are taking in order to continue supporting the SMEs that work in digitalisation, in research and innovation, in the digital field, as well as the establishment of start-ups," the Prime Minister added.He also announced that several decisions will be made at the meeting "aimed at accomplishing the milestones and targets set forth in the National Recovery and Resilience Plan for the second quarter", so that "the consistency of the program's implementation" is ensured.
The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
The CONFIDEX H2 2024 study shows a relatively stable year without major events that could significantly impact Romania’s economy, but leaves room for growing concern regarding the future. According to the study, supported by private equity funds ROCA, AGISTA, and CITR, the leader in Romania’s insolvency and restructuring market, only 29% of managers report optimism […]
Romanian president Klaus Iohannis was on a visit to Berlin from November 15 to 18 to signal the strong ties between Romania and Germany with a speech in the German Bundestag. He also met German chancellor Olaf Scholz and president Frank-Walter Steinmeier. During his speech, the Romanian president said that the friendship between the two […]
In a rapidly digitalizing world, companies face numerous challenges in managing documents and data efficiently. Andrei Negulescu, Strategic Digitalisation Manager at Matricia Solutions, shares unique insights into how his firm helps businesses navigate the complex journey of digital transformation. In today’s world, every business talks about digital transformation, but few know how to make it […]
The Bucharest National Airports Company, which operates the two main airports of the capital, wants to purchase 450 benches for passengers in the boarding gate area of the Henri Coandă International Airport, better known as the Otopeni Airport. According to the announcement, CNAB will purchase 250 three-seat benches and 200 four-seat benches. The contract is […]
