05.11.2016

ING Bank has raised the down payment required on mortgage loans in lei from 15% to 25%, two days after the implementation of the law on debt discharge. more

05.09.2016

Lender BCR raised the down payment required on mortgage loans from 15% to 35% and cut the reimbursement period from 30 years to 25 years, on the backdrop of the new legislation allowing retail more

05.05.2016

CEC Bank will raise the down payment it requires on mortgage loans to 30% as of May 9, for loans in lei and in foreign currency of up to EUR250,000, due to the implementation of the law on debt more

04.26.2016

Shareholders of Romanian regional investment fund SIF Moldova (SIF2.RO) have approved the payment of dividends worth RON46.2 million (RON0.045/share) of its 2015 profit, the equivalent of a 6.5% more

02.25.2016

The law on debt discharge has been presented as a social law, a law of justice or an economic law, triggering the confusion of the society, which should no longer be maintained, central bank governor more

02.24.2016

The number of contactless card payments in Romania using MasterCard and Maestro bank cards increased more than seven-fold last year compared with 2014, while the value of payments was ten times more

02.12.2016

Romanian lender Bancpost has raised the down payment it requires on mortgage loans to 33% for loans in lei and 43% for loans in euros, citing the possible impact of the debt discharge law that is more

02.10.2016

The developers of residential projects where apartments are priced at almost or above EUR100,000 say the debt discharge law as it is now and the down payment hike by banks to 35% and 40% for leu and more

02.04.2016

The implementation of the law on debt discharge, as initially approved by Parliament, is a major risk to the macroeconomic outlook while the retroactive application of the law could have a negative more

02.03.2016

The decision to raise the required down payment for mortgage loans was because of the impact we estimate the enforcement of the new mortgage lending law will have on the risk taken by our bank and if more

02.02.2016

The amended version of the bill on giving in payment, after being sent back to the Parliament by President Klaus Iohannis, will restrict the lending and financial intermediation market, according to more

01.07.2016

Romanian central bank governor Mugur Isarescu said Thursday that when re-examining the bill on giving in payment, the Parliament ought to consider the recommendations of the European Central Bank more

11.26.2015

Mature markets, with highly-developed electronic payment means, have an underground economy of 8%-10% of the GDP, versus 28% in Romania (nearly EUR30 billion), said Catalin Cretu, regional manager more

10.07.2015

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) will pay October 26 gross dividends of 2 million lei of 2014’s net profit. more

05.19.2015

billion) from cash dispensers in January-March, while payments at merchants made with the 11 million active cards amounted to RON7.8 billion, an 18% increase on the year-ago period. more

05.12.2015

The private sector managers who became chief executive officers of the largest listed state-run energy companies collected 4.4 million lei (EUR1 million) in base salary plus bonuses in 2014, their more

04.15.2015

The largest 30 payments made by Romania’s national company in charge of highways and national roads (CNADNR) last year amount to 3.5 billion lei (about EUR800 million). Almost 70% of the money went more

03.24.2015

Romanians paid local taxes online, by card, amounting to more than RON10 million in January and February, 52% higher compared to the same period last year and accounting for 40% of all taxes paid more

11.26.2014

Holders of cards issued by local banks made 5 billion lei (EUR1.1 billion) payments to retailers abroad in the first nine months, an increase of 21% on the year-earlier period, according to central more

11.04.2014

The market of card acceptance terminals (POS) has been constant in terms of number of devices installed over the past year and is now finding new sources of growth from previously untapped sectors, more

10.28.2014

Four in five online card payments are made to retailers abroad, Catalin Cretu, VISA Europe sub-regional manager for Romania, Croatia and Slovenia, said Tuesday at the ZF Digital ’14 conference. more

10.21.2014

Checks and promissory notes worth 5.8 billion lei (EUR1.31 billion) bounced in the first nine months of the year because banks could not find enough cash in the accounts of companies for the payments more

10.15.2014

Clients of La Mama restaurants and Cafepedia coffee shops will be able to pay the check via mobile phone, through a dedicated SEQR application, by scanning a QR code on their bill and confirming more

09.16.2014

Over two thirds of Romanians (70%) pay their bills on time, down from 81%, compared to an eastern European average of 72% and a European average of 75%, a survey by market research company TNS more

07.01.2014

Romanian insolvent power producer Hidroelectrica has closed a EUR75 million credit line granted by Citibank International in 2009 and plans to pay back loans of EUR39 million by the end of the year. more