11.14.2013

Romania’s government has once again committed to refrain from adopting a long-delayed law on personal bankruptcy, arguing the measure would impair credit discipline, according to the country’s more

06.13.2013

Romania will refrain from adopting a series of bank law initiatives that could “undermine credit discipline,” including a bill on personal bankruptcy or a debt collection bill, the government said more

04.24.2013

Romania is one of the few countries in Europe that doesn’t have a personal bankruptcy legislation, leaving over-indebted consumers unprotected against creditors, a report commissioned by the more

06.25.2012

Former Orange Romania CEO Richard Moat has been appointed to the board of International Personal Finance, the parent company of Provident Financial Romania, as a non-executive director. more

04.03.2012

Romanian personal data operators will have to notify both the data protection supervisor and clients in case of security breaches, Government spokesman Dan Suciu said Tuesday. more

01.04.2012

The stock exchange started the year on Wednesday and investors hope to leave behind the unpleasant memory of the 2011 losses as soon as possible. But brokers are not very optimistic about the more

01.04.2012

Mutual fund managers expect 2012 to be a much better year for the Bucharest Stock Exchange than 2011, predicting a moderate growth of 15% for the BET index and of 30% for BET-FI. However, they more

12.01.2011

The Romanian beauty and personal care market climbed 3.2% in 2011 to 4.07 billion lei (EUR935 million) from RON3.94 billion last year, according to a survey conducted by Euromonitor International. more