tbi bank is introducing a grace period of up to two months for eligible property developers affected by the disruption to the land registry system following the recent cyberattack. The outage has prevented property transactions from being completed and the related funds from being collected, placing temporary pressure on developers’ cash flows despite their sound financial position. Under this measure, which will apply only while the land registry system remains unavailable, eligible tbi bank clients may defer repayments on existing loans for property development projects by up to two months. Interest accrued during this period will be added to the outstanding principal and repaid at the loan’s final maturity date. “The current disruption has temporarily halted transactions and delayed developers’ cash inflows for reasons entirely unrelated to their operations or financial strength. In challenging situations such as this, our role as a financing partner is to stand by our clients, as we have always done. We are acting swiftly with a practical solution that gives property developers the time they need to complete their sales once the land registry system returns to normal,” said Alexandru Cosma, VP Banking for Partners, tbi bank. Requests will be assessed on a case-by-case basis, taking into account each client’s financial position and repayment history. The repayment deferral will be granted through an addendum to the existing loan agreement. Eligible clients may contact their tbi bank representative for further information and to submit a request.
European Arctic Summit in Rovaniemi On Monday, 14 September 2026, the President of Romania, Nicușor Dan, delivered joint press statements alongside the leaders attending the European Summit on the Arctic Region in the Republic of Finland. Below is the transcript of the statements made by the President of Romania during......
Message from Prime Minister Ilie Bolojan on the occasion of Rosh Hashanah On the occasion of Rosh Hashanah 5787, I wish all Romanians in Jewish communities a good year, with health, peace and joy alongside their loved ones. Rosh Hashanah is an important holiday for the Jewish community in Romania,...
The MOBEX NT-SV-BT-26 mobilization exercise, aimed at assessing the level of preparedness of the population, economy, and territory for defence, is taking place from 14 to 18 September, simultaneously in the counties of Neamț, Suceava, and Botoșani. MOBEX NT-SV-BT-26 is organized and coordinated by the Ministry of National Defence, in......
Romania’s First Professional Radio Station Dedicated Exclusively to Mobile Phone Repair Professionals Exactly two years after its establishment, Academia GSM România marks a new milestone in the industry with the launch of AGR Radio, a unique online media project in Romania dedicated to technicians, repair shops, entrepreneurs and experts in...
Over 1,000 visitors rediscovered the Timișoreana Brewery during the Open Doors event Timișoreana Brewery reopened its doors to the local community, bringing the brewery closer once again to the people of Timișoara Between 11 and 13 September, over 1,000 visitors took part in guided tours and activities organised at the...
Happy Cinema presents the Ukrainian Film Festival, dedicated to Ukrainian cinema and culture From 18 to 23 September, Happy Cinema invites audiences to the Ukrainian Film Festival, an event dedicated to Ukrainian cinema and culture, taking place at Happy Cinema Vitantis and Happy Cinema Colosseum in Bucharest. The festival is...
