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Tag Archives: ‘First House’ program

Erste revised the forecast for Romania’s economic growth in 2017, to 5.1 pc

Austrian Erste Group sees a growth of 5.1 percent in Romania this year, very close to Government estimates, and 3.9 percent in 2018, compared to 4.3 percent and respectively 2.8 percent previously. The revaluation comes after the good statistical results ...

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PM Grindeanu, about the first 100 days in office: ‘They were original. Some measures could have been better communicated

Prime Minister Sorin Grindeanu characterizes the first 100 days in office as ‘original,’ adding that some measures adopted by the Government during this period could have been communicated ‘much better’. Asked on Monday, by Antena 3 TV private broadcaster, to ...

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Coldwell Banker: 2016, the best year ever for the Romanian residential market

With a record number of completed dwellings and an increase of transactions, 2016 will be the best year for the local residential market, according to Residential Market 2016 Overview of Coldwell Banker real estate, released on Thursday. About 30,000 dwellings ...

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BCR’s net profit, up by almost 30 pc in Q3

Banca Comerciala Romana (BCR) achieved a net profit of RON 1,145.4 million (EUR 255.4 million) in the first nine months of this year, up by 26.7 percent year-on-year, supported by new client business and continued improvement of portfolio quality, a ...

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Deputies have ruled First House program out of debt discharge law

Members of the Legal Commission from the Chamber of Deputies agreed to remove the First House program from the law on debt discharge and the credit ceiling to which the law will be applied reaches EUR 250,000. This was an ...

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Proposed law on debt discharge threatens Romanian banks recovery, Fitch warns

The current draft of the law 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 improving performance, Fitch Ratings says on Wednesday. “We believe the ...

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Ciolos Gov’t asks for debt discharge law amendment. PNL: ‘You’re not PM of 40 foreign banks’

The current draft law on debt discharge would affect property rights and risks to lead to financial imbalances through credit institutions’ bankruptcy, Romanian Government warns in a point of view submitted to the Chamber of Deputies. Ciolos Gov’t states that ...

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Senate OKs draft law on debt discharge

Senators adopted Monday by unanimity the draft law on debt discharge with the amendment which includes the ‘First House’ program. As adopted, the law is only applicable to borrowers with loans of up to EUR 150,000, intended for dwelling. The ...

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