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. The cumulative annual turnover of the film industry in Romania is approximately EUR 53 million, derived mainly from foreign productions in Romania. A complete article, detailing means of […]
There have been some recent changes and novelties in the leasing sector. Amongst the novelties is the elimination of the enforceability of the leasing agreements concluded with a consumer, changes regarding the deadline within which the lessors/financiers may exercise the right to request the termination of the Consumer Leasing Agreements and amendments concerning the consequences […]
Our regulatory team released the third article of the credit institution’s authorization series. In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation and our summary regarding the information and documentation to be submitted by a bank in order to obtain authorisation from the National Bank of Romania (NBR), hereafter are the […]
Our regulatory team released the second article of the credit institution’s authorization series, detailing the information and documentation to be submitted by a bank in order to obtain authorisation from the National Bank of Romania.
Credit institutions prospecting the entry on the Romanian market will need to conduct a complex assessment in order to determine whether they meet the criteria subject to the National Bank of Romania’s evaluation. Our team members freshly released an article concerning the new regulations for the authorization of credit institutions and the preliminary requirements thereto.