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

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

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

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

02.11.2016

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