03.08.2017

The debt discharge law has triggered a state of incertitude on the market and it is very dangerous that those things can happen, Michal Szczurek, ING Bank Romania CEO, stated Wednesday. more

12.14.2016

Piraeus Bank set up provisions (reserves covering potential risks) worth EUR9 million for loans that might fall under the debt discharge law, bank representatives said on Wednesday. more

11.01.2016

The debt discharge law has triggered immediate effects both on the banking and real estate market and the related industries; nevertheless, imbalances did not last long and the situation is stable at more

07.04.2016

Only a month after the enforcement of the debt discharge law, apartment prices in capital city Bucharest and across Romania saw declines of 0.7% to 4% on the residential segment, according to a study more

06.29.2016

Romanian Finance Minister Anca Dragu said natural persons returning real estate collateral to banks in exchange for writing off their loans will be exempted from paying the tax on property transfer. more

05.26.2016

The National Union of Notaries Public in Romania (UNNPR) has decided to cut by 50% the fees charged for retail mortgage borrowers who resort to the provisions of the law on debt discharge, according more

05.18.2016

The guarantee ceiling for this year’s government-guaranteed mortgage lending First Home program was supplemented by RON500 million, according to a decision adopted Wednesday by the government, as more

05.13.2016

The law on debt discharge came into force on Friday, 15 days after it was signed into law by Romanian President Klaus Iohannis and published in the Official Gazette. more

04.28.2016

Romanian President Klaus Iohannis on Thursday said it signed into law a debt discharge bill allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off more

04.20.2016

Romanian Banking Association (ARB) asked President Klaus Iohannis to file an appeal at the Constitutional Court regarding the law on debt discharge, arguing that the law is jeopardizing the more

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

03.10.2016

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

more

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

02.11.2016

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

07.14.2011

The county department for culture in Alba, western Romania, issued Thursday an archaeological discharge certificate for part of the Carnic mountain, in a bid to preserve archaeological vestiges in more