04.13.2016

The law on debt discharge will have a negative impact on financial stability, while it might also include elements of unconstitutionality and moral hazard, the Romanian Banking Association (ARB) said more

04.13.2016

The Romanian Chamber of Deputies has adopted the law on debt discharge on Wednesday, with 207 pros, one con and one abstention. more

04.07.2016

The current version of the law on debt discharge brings no alternative for vulnerable social groups whose dwelling conditions could by highly affected, according to a study by Public Policies more

04.05.2016

The legal committee of the Chamber of Deputies has adopted the law on debt discharge on Tuesday, deciding that it will also be applicable to properties subject to foreclosure procedures. more

04.05.2016

More than three quarters of Romanians (77%) say the proposed law on debt discharge should benefit only people who can no longer pay back their loans, not those who no longer want to pay, as per a more

04.04.2016

Markets will remain cautious ahead of Tuesday’s talks on the debt discharge bill at the Chamber of Deputies, according to ING Bank economists, which expect an apathetic trading session, at values more

03.23.2016

The proposed law on debt discharge, allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans, could disrupt the Romanian banking sector's more

03.17.2016

The debt collection market rose by 11% to EUR1.6 billion (debt referred) last year, largely because of the corporate segment, but started from a very low base. more

03.10.2016

The disappearance of the government-backed mortgage lending First Home program after the implementation of the law on debt discharge does not represent “a defining element” in Romania, according more

03.03.2016

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02.29.2016

The Romanian Senate unanimously approved on Monday the law on debt discharge, with 119 pros and no con, but the Chamber of Deputies has the final say on the matter. more

02.26.2016

The implementation of the current version of the law on debt discharge may generate a systemic risk for the entire banking sector, a major risk for the macroeconomic evolution and could also have a more

02.19.2016

Polish-held debt collection specialist Kruk is managing about one million receivables worth 8.6 billion lei (almost EUR2 billion), 600,000 of which bank loans that may be worth up to 80% of that. more

02.11.2016

Romanian second largest lender BRD-Groupe Societe Generale (BRD.RO) agrees with the law on giving in payment that would only target future contracts, without applying retroactively, and only for more

12.23.2015

Four large debt collectors, APS (Czech Republic), KRUK (Poland), Kredyt Inkaso (Poland) and EOS (Germany) reached an almost EUR6 billion non-performing loan portfolio at the end this year, which they more

10.23.2015

Romania’s government debt fell 0.4 percentage points to 38% of the gross domestic product, or RON259.48 billion, in the second quarter of 2015, from 38.4% in the first quarter, Eurostat data showed more

10.21.2015

Romania places fourth in the European Union by the lowest ratio of government debt to GDP in 2014, with 39.9%, being outranked by Estonia (10.4%), Luxembourg (23%) and Bulgaria (27%), Eurostat data more

10.06.2015

Romanian central bank governor Mugur Isarescu has warned that further growth in public debt could be dangerous and counterproductive. more

09.29.2015

State-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) is in talks with heating distributor RADET to close a debt rescheduling protocol for a ten-year period, on condition more

09.09.2015

Only 40 of the 100 largest entrepreneurial businesses in Romania have a debt ratio above their sector average, ZF has calculated based on Trade Registry and Finance Ministry data. more

09.03.2015

Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared with RON20 more

08.11.2015

The average debt ratio of the about 650,000 companies in Romania is 71%, almost double the average of the 100 largest companies by revenue, out of which 75 multinationals. more

07.02.2015

Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO) will become stockholder of bricks producer Cemacon (CEON.RO), through the conversion into shares of part of the more

06.30.2015

Banca Romaneasca operations are developed under normal conditions, as they are not impacted by the Greek debt crisis, the bank’s general manager, Ioannis Kougionas, stated Tuesday. more

05.27.2015

The Romanian debt collection market fell 28% to EUR1.25 billion in 2014, due to the 34% fall on individuals segment, but the value of collected debts rose 24% to EUR475 million, according to the data more