law on debt discharge

The Constitutional Court (CCR) judges have admitted on Tuesday exceptions to the law on debt discharge and rejected others, CCR President Valer Dorneanu said, adding that it can be said that the law is partially unconstitutional.…

The controversial law on debt discharge came into force Friday, 15 days after it was promulgated by President Klaus Iohannnis and published in the Official Gazette. The law allows for the discharge in full of any loans contracted by a…

Law on debt discharge was adopted on Wednesday by the Chamber of Deputies with a majority of 207 votes "pro", 1 vote "against" and 1 abstention. Thus, MEPs agreed that the law on debt discharge will not apply to First House program and…

The risks to financial stability in Romania, highlighted in the last autumn’s report of the National Bank of Romania (BNR) remain in the report presented on Thursday, plus the severe systemic risk due to legislative initiatives with…

More than three quarters of Romanians (77%) say that only those who cannot pay should benefit from any law on debt discharge and not those who can pay but do not want, reveals the survey ‘Romanians’ Opinion on law on debt discharge’…

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…

Japanese JCRA rating agency has announced the improvement of Romania’s country rating from BBB-/BBB to BBB/BBB+ for long term debt in foreign currency and in local currency, with a stable outlook, the Ministry of Finance informed on Friday.…

The prospect of a higher budgetary deficit to almost 4% of GDP in 2017 endangers the macro-economic stability Romania has so hardly obtained in the past years and, subsequently, the Romanian economy’s convergence to the euro area, BNR…

Romania has made important progress in addressing economic imbalances and restoring growth, International Monetary Fund (IMF) representatives concluded on Monday at the end of the official staff visit in Bucharest started on March 2.…

Law on debt discharge will generate a fall in prices in real estate market, at least in the short term, by 10 percent, in a conservative estimate, which will lead to a decrease of EUR 2,000 per household, Liviu Voinea, Deputy Governor of…