Timisoara Court of Appeal precedent
Consequently, although the interest and commissions are part of the total cost of the contract, having blurred and unequivocally clauses governing the contract, may be the subject of analysis […]
September 2016
Emergency Ordinance no. 52/2016 enters into force
The fines go up to 100,000 RON. The Company’s representatives, specialized in recovery claims can no longer harass debtors; the legal provisions in the matter ban any kind of […]
May 2016
The rate of monetary policy to be maintained at the same level
Also, the Board of Directors of the Romanian Central Bank (BNR) has examined and approved the new quarterly report on inflation, which was accentuated in the first quarter of […]
April 2016
The European Central Bank has left the interest of monetary policy to zero
A spokesman stated that the ECB has left the interest of monetary policy at the zero low bound, while the interest rate on the marginal lending facility has been […]
President Klaus Iohannis announced that he promulgated the law datio in solum
The deputies decided that the Law datio in solutum shall not apply to the First House program and have increased the lending limit from 150,000 to 250,000 euros.
Also, the […]
February 2014
January 2014
November 2013
The penalty interest rate for the obligatory minimum reserve deficits shall be 10.50% per year
The penalty interest rate for the obligatory minimum reserve deficits of the credit institution constituted in national currency shall be 10.50% per year, being implemented starting with the application period 24 October – 23 November 2013.
The interest rate paid to the minimum obligatory reserves constituted in Lei and in EURO
The interest rate paid on required reserves in Lei shall be 0.69% per year and the interest rate paid on required reserves in EURO shall be 0.38% per year, both implemented starting with the application period 24 October – 23 November 2013.
BNR reference rate is 4.00% per year
Starting with 6th November 2013, the reference interest rate of the National Bank of Romania is 4,00% per year.
