fbpx Modifica setari cookieuri

SIMILAR ARTICLES

Nuclearelectrica shareholders approved to terminate negotiations with Chinese for building reactors 3 and 4 from Cernavoda

Nuclearelectrica’s Board of Directors has been mandated to initiate proceedings to terminate negotiations with China General Nuclear Power Group (CGN), as well as legal effects… Mai mult

Renault holds expansion of its plant in Romania, 15,000 jobs cancelled at global level

“Putting capacity growth projects planned in Morocco and Romania on hold” – is one of the measures included in the draft plan of Renault Group… Mai mult

Romania is a net importer of electricity in 2020 as well

Romania imported an amount of electricity of almost 796 GWh in the first month of this year, by more than 36% above what it exported… Mai mult

Shareholders of Galati steel plant promise investments of one billion euros

GFG Alliance has committed to invest one billion euros to upgrade Galati steel plant in order to reduce emissions and increase production. Another EUR 1… Mai mult

Green Deal / New, additional European funds for Romania – negotiation position assumed by MEP Siegfried Muresan

The transition to a green economy needs to be supported by new, additional European funds, distinct from Romania’s allocations from the future EU multiannual budget.… Mai mult

Senate committees have approved a ceiling on interest rates on loans

de Adrian N Ionescu , 26.2.2018

The Senate committees on budget, economic and legal matters issued an admission report with amendments to the legislative proposal that amends OG 13/2011 so that the interest rate on mortgage loans will not exceed 2.5 times the benchmark interest rate of the National Bank of Romania (BNR).

Also, the maximum interest rate that can be applied to consumer loans may not exceed 18% if the proposal turns into law.

“We have established and voted that interest rates on mortgages should not exceed 2.5 times the benchmark interest rate of the National Bank. Today, the BNR’s interest rate is 2.25, which means that the maximum interest rate that can be charged for mortgages (would) be somewhere at 5.4%. As for the maximum interest rate that can be charged on consumer loans, it may not exceed 18%,” said Senator Daniel Zamfir (PHOTO), the initiator of the bill, quoted by Mediafax.

Daniel Zamfir was also the initiator of the “debt to equity swap” bill on houses for which borrowers can no longer pay their loans.

The senator quoted explained that it has been considered as a reference “the maximum interest rate that the Romanian state applies to the debtor when their goods are taken away. To eliminate any kind of discussion that has existed and will exist in the public arena about a limitation of the rights of companies in a free market, this is a European practice. There are many countries in Europe that apply a limit on interest rates. We decided that we, in Romania, would join the European countries in terms of lending,” said Senator Daniel Zamfir, the initiator of the bill.

The provisions would apply to both banks and non-bank financial institutions, for the new contracts, not those in progress.

“We have made it very clear that DAE (effective annual interest) will not exceed those ceilings. We have decided to introduce this amendment and cap DAE because most of the time, even if we had capped the remunerative or the penalty interest rate, there would have been various mechanisms for introducing bank cases, fees and so on, which would have increased DAE. We are interested in having Romanian citizens know very clearly how much they pay for the interest rate. By limiting DAE, we know very clearly from the very beginning how much the interest will be in the contract,” the senator said.

Mergeți în homepage ›

Publicat la data de 26.2.2018

Lăsați un comentariu


NEWS

Nuclearelectrica shareholders approved to terminate negotiations with Chinese for building reactors 3 and 4 from Cernavoda

Nuclearelectrica's Board of Directors has been mandated to initiate proceedings to terminate negotiations with China General Nuclear Power Group (CGN), as well as legal effects… Mai mult

Renault holds expansion of its plant in Romania, 15,000 jobs cancelled at global level

"Putting capacity growth projects planned in Morocco and Romania on hold" - is one of the measures included in the draft plan of Renault Group… Mai mult

Romania is a net importer of electricity in 2020 as well

Romania imported an amount of electricity of almost 796 GWh in the first month of this year, by more than 36% above what it exported… Mai mult

Shareholders of Galati steel plant promise investments of one billion euros

GFG Alliance has committed to invest one billion euros to upgrade Galati steel plant in order to reduce emissions and increase production. Another EUR 1… Mai mult

Transport Ministry announces it has sent to Brussels the financing request for Sibiu - Pitesti highway

The Transport Ministry, as the Intermediate Body in Transport, approved the financing request for the project "Construction of Sibiu - Pitesti highway", Sections 1, 4… Mai mult

Romania and Juncker Plan: EUR 720 million attracted, of which 35% by Transgaz for BRUA

(The map of investment financed through Juncker Plan, by GDP share. Darker colours mean higher shares) The operator of national natural gas pipelines, Transgaz (TGN)… Mai mult

Top 3 reasons why young people leave Romania

Lack of trust in authorities, corruption and low living standards are the main reasons why young people leave Romania. The data is part of a… Mai mult

IMM Invest Romania – program implementing rules have been published

The Ministry of Public Finance announces that it has issued the methodological norms for the implementation of the Program for supporting small and medium-sized enterprises… Mai mult

Pollution import and car park expansion: comparisons with the other EU states

Romania is the EU country with the fewest cars in terms of the number of inhabitants, according to data recently published by Eurostat. We appear… Mai mult

Government is trying to save budget deficit: reductions in public administration system, cancellation of bonus for harmful conditions, excise duty on soft drinks

The Government is preparing the public for the first measures aimed at avoiding the budget slippage, which would be applied by the PSD-ALDE government. News… Mai mult

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

Business internationalization / eMAG makes a step to entry five new international markets and targets a business of EUR 2 billion

eMAG hopes to get the opinion of the Hungarian Competition Council over the next two months for the acquisition of Extreme Digital, the market leader… Mai mult