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.
Talent Connect Inc. is proud to announce that it has been officially designated by the U.S. Department of State as a sponsor for the J-1 Visa Intern and Trainee Programs. This prestigious designation empowers Talent Connect Inc. to facilitate structured and guided training programs in the United States for eligible international university students, recent graduates, […]
Romanian president Nicușor Dan is present Thursday and Friday, June 26-27, in Brussels, at the first European Council since he took office as president. EU leaders at the event are set to discuss a range of topics, such as the situation of the war in Ukraine, the crisis in the Middle East, security and defense […]
Celebrities will no longer be allowed to appear in gambling advertisements on TV, radio, and online, following a decision voted on Wednesday, June 26, in a public session of Romania’s audiovisual watchdog, the National Audiovisual Council (CNA). This provision is part of a series of amendments made to the Audiovisual Regulatory Code, the secondary legislation […]
Hidroelectrica, the largest energy provider in Romania, announced on Thursday, June 26, that it had awarded the tender for a floating photovoltaic panel system within the “Nufărul Pilot Project.” The public procurement was initiated through an open tender, with an estimated value of RON 47.2 million (EUR 9.5 million) excluding VAT. Two economic operators submitted […]
Bucharest is set to bring back its tourist bus service, following a decision by the city’s General Council on Wednesday, June 25, to establish a dedicated public transport line called “Bucharest City Tour,” Agerpres...
Romania has made limited progress in enhancing its framework against money laundering, terrorist financing, and proliferation financing, according to a recent report from the Council of Europe’s committee of experts on the evaluation of anti-money laundering measures and the financing of terrorism, or Moneyval. The committee noted that the country has taken several steps to […]
