29 results found

The "debt discharge" (darea in plata) allows for the discharge in full of any loans contracted by a natural person and secured by a mortgage arrangement, including any accessories in connection therewith.

In light of the Covid-19 crisis, the Ministry of Public Finance of Romania has announced that it will guarantee up to 80% of the value of the financing granted to SMEs.

On 11 June 2015, the Romanian Ministry of Public Finance published the draft law transposing into Romanian legislation the EU Directive 2014/59/EU of the European Parliament and of the Council...

Unable to keep its budget deficit under control, Romania announced a comprehensive package of tax measures earlier this year aimed at ensuring the country's long-term financial sustainability.

Romania is currently taking steps to transpose Directive EU 2021/2167 on credit servicers and credit purchasers (the "NPL Directive") into national law.

The Romanian Financial Supervisory Authority (FSA) released for public consultation a draft regulation proposing amendments to its Regulation 5/2019 applicable mainly to investment firms and...

Factoring volumes in Romania have seen a marked increase over the last year, up to EUR 3.68bln in the first half of 2022, according to public sources.

Skimming through business journals from the last decade or so, it feels like the transition to cloud computing has been looming over the banking

Romania has introduced a new corporate income tax incentive allowing companies to claim an additional 50% deduction on expenses related to stock exchange listings. With the recent publication of Order 804/2026, the framework is now complete, covering consultancy fees, regulatory charges, market operator fees, and other substantiated costs incurred during the admission and first-year maintenance period.

Cryptocurrency, fiat currency exchange services and digital wallet providers could soon become authorised in Romania. This comes on the heels of the Ministry of Finance publishing a draft...

Most of these aspects can be covered from a technical perspective.

2017 has seen some antagonistic forces, whose resultant seems uncertain. On the one hand, people are talking about the steps that are to be taken with a view to consolidating the single market and achieving banking union.

Romania presents a wealth of opportunities for investors seeking profitable ventures and a pathway to secure a second nationality. With its robust banking policies, diverse industries...

Romania benefits from being one of the EU countries with lower cinematographic production costs, and that is why it is on the radar of many international studios.

None of this sounds very different from the headlines of previous years, reflecting a process started by the European regulatory bodies in 2012, in response to the financial crisis.

Over the past years, banks operating in the Romanian market have been approached with an increasing number of financing projects that aim to benefit from financial support from either state aid schemes or EU financing programmes.

Starting with December 10, 2021, the customs activity currently under the auspices of the National Tax Administration Agency ("ANAF") will be developed by the Romanian Customs Authority, founded by way of Law...