regulation

Constitutional Court Rejects Lower Chamber Regulation Challenge

Romania’s Constitutional Court rejected on Wednesday a challenge against the Lower Chamber’s Regulation, brought forth by a number of 63 MPs.

Romania May Keep Some Energy Price Regulation Beyond 2015

Romanian energy regulator ANRE may keep applying current pricing regulations for electricity and gas beyond 2015, for certain categories of clients, despite deregulation agreements concluded between the government and the International Monetary Fund.

Romanian Mobile Operators To Set Cut-Off Limit For Roaming Data Transfers As Of July 1

Mobile operators will impose a cut-off limit for roaming services as of July 1 for clients who have not chosen a cut-off limit, Romania’s telecom regulator ANCOM said Wednesday.

Romanian Democrat Liberals Want Senate’s Social Democrat Chairman Suspended

The leader of democrat liberal senators, Constantin Igas, said Wednesday democrat liberals will set off procedures to suspend the Senate’s social democrat Chairman Mircea Geoana for his refusal to hold a vote on independent lawmakers’ request to keep their positions in parliament standing committees.

Romania’s Govt To Limit Budget Revisions – Draft Law

Romania’s government will no longer be able to make more than two budget revisions during a year, and the budget won’t be revised in the first half of the year, according to the fiscal responsibility draft law.

Romanian Central Bank To Amend Electronic Payment Rules To Include Consumer Protection

Romania’s central bank will complete by end June a draft to reedit its rules for electronic payment to include provisions regarding consumer protection, Ruxandra Avram, head of the central bank’s department for financial stability, said Tuesday.

Romanian Ctrl Bk OKs Regulation Allowing Provisions Cut For Loss Loans

The Board of National Bank of Romania approved the regulation allowing the banks to reduce provisions booked for "loss” loans by 25% of the guarantee value, the central bank said in a statement Friday.

Romanian Lawmakers Amended Rules To Allow Prosecution Of Ex Ministers With Simple Majority

The Romanian Chamber of Deputies adopted Tuesday 177 to six votes and 13 abstentions amendments to the Chamber regulation, allowing lawmakers to veto the start of prosecution of former ministers with the votes of a simple majority.

Romanian Bks To Have New Lending Rules In Less Than A Week – Bks Assoc Head

Romanian banks will have new lending rules in less than a week and will ask for a minimum advance paid of 20%-25% at mortgage lending, the president of the Romanian Banks Association, Radu Ghetea, said Thursday.

Ctrl Bker: Effects Of New Lending Rules To Be Analyzed Three Mos After Adoption

The National Bank of Romania told the commercial banks that the effects of the new household lending regulations will be analyzed three months after their adoption, Adrian Vasilescu, adviser of the central bank's governor, said Tuesday.

Romanian Bks Want Softer Lending Rules To Unblock Mortgage Loans

Romanian lenders will request the National Bank of Romania to amend the regulation regarding household lending, as the new rules have blocked mortgage lending, the president of Romanian Banks’ Association, Radu Gratian Ghetea, said Tuesday.

Romania’s Ctrl Bk OKs New Credit Risk Limit Regulation

Romania’s central bank board approved on Wednesday the new regulation regarding the credit risk limitation for household lending. The new regulation will be published in the Official Gazette at the end of the week or the beginning of the next, sources said

RCA Insurers To Be Held Liable Once Policies Are Released – Regulator

Romanian insurers who sign civil liability car insurance policies (RCA) will be held liable from the moment the policy is released, the country’s insurance regulator CSA said Tuesday.