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.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
