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 fourth edition of the Romanian Creative Week (RCW), will take place in Iași, eastern Romania, between May 15-26. The event brings together over 1,000 Romanian and foreign artists, 200 events, 350 volunteers, dozens of exhibitions, film festivals, theater and dance performances, three days of fashion shows, as well as visual arts exhibitions, concerts, conferences, […]
Kenyan Alex Nzioka Matata won the Bucharest Half Marathon held last Sunday, May 12, with a time of one hour, one minute, and four seconds. Second place was taken by another Kenyan, Chebor Elvis Tabarach, with a time of one hour, four minutes, and three seconds, while third place went to another Kenyan athlete, Kibet […]
Systematic, a leading Danish provider of software solutions for digitalization that also has a development center in Bucharest with more than 150 skilled IT specialists, has been selected by NATO to provide Command and Control software. SitaWare Headquarters, the software chosen by the international organization, is also developed in Romania by the local team. Signing […]
Romania’s health minister, Alexandru Rafila, announced the initiation of a market study for the construction of the first National Proton Therapy Center in Southeast Europe at the Bucharest Oncology Institute. The project is valued at EUR 70 million. Proton therapy involves using protons to deliver a dose of radiation that kills tumor cells. "Proton therapy will […]
The investment funds active in Romania are more optimistic about the evolution of the local market in 2024 compared to the previous year, according to Roland Berger’s Private Equity Outlook 2024. More than 70% of the respondents in the survey anticipate an increase in the number of transactions made by investment funds in Romania, after 2023 […]
The success rate of requests for bank loans registered on the 123credit.ro platform was approximately 4%, in the first quarter of the year, according to 123credit.ro, the main online credit platform in Romania. White Image together with 123credit.ro contributed to the efficiency of the process of obtaining a bank loan by automating the communications of […]
