Ascultă Radio România Actualitaţi Live

EU Council adopts position on secondary markets for bad loans

With Council having adopted its position, Romania’s EU Council Presidency can start negotiations with the European Parliament.

EU Council adopts position on secondary markets for bad loans

27 Martie 2019, 15:08

European Union is encouraging development of secondary markets for non-performing loans (NPLs), which would allow banks more easily to manage or sell bad loans. EU Ambassadors today approved Council’s position on a proposed directive which harmonises rules for how non-credit institutions can buy credit agreements from banks. Aim of new rules is to reduce existing banks’ stocks of NPLs and prevent their accumulation in the future.

With Council having adopted its position, Romania’s EU Council Presidency can start negotiations with the European Parliament.

Romanian Minister of Finance, chair of Council, Eugen Teodorovici:Reducing the existing stock of bad loans in the banking sector and preventing their accumulation in the future is essential to guarantee stability of EU’s financial system. Position adopted by the Council today creates a clear regulatory framework for the purchase and servicing of bad loans, which will lead to development of efficient secondary markets. It is the key to strengthening the banking union.

Source:Roomania2019.eu

Final preparations before Romania's entry into the Schengen area with sea and air borders
News in English 28 Martie 2024, 18:55

Final preparations before Romania's entry into the Schengen area with sea and air borders

Final preparations are being made ahead of Sunday, the first day when there will be no border controls at the 17 airports and...

Final preparations before Romania's entry into the Schengen area with sea and air borders
The budget deficit reached, after the first two months of the year, almost 29 billion lei
News in English 28 Martie 2024, 18:53

The budget deficit reached, after the first two months of the year, almost 29 billion lei

After the first two months of the year, the budget deficit reached almost 29 billion lei, representing 1.67% of GDP. This is...

The budget deficit reached, after the first two months of the year, almost 29 billion lei
The draft law on the social assistance reform was adopted by the Chamber of Deputies
News in English 27 Martie 2024, 03:02

The draft law on the social assistance reform was adopted by the Chamber of Deputies

The draft law on the social assistance reform has been adopted decisionally by the Chamber of Deputies. The bill was drafted...

The draft law on the social assistance reform was adopted by the Chamber of Deputies
Ceremony marking the 200th anniversary of the Romanian Police
News in English 26 Martie 2024, 01:19

Ceremony marking the 200th anniversary of the Romanian Police

The Romanian police needs to invest in modernisation and logistics, but also to constantly adapt legislation to the evolution...

Ceremony marking the 200th anniversary of the Romanian Police
National Institute of Administration opens new courses for public administration employees
News in English 26 Martie 2024, 01:17

National Institute of Administration opens new courses for public administration employees

The National Institute of Administration is coming this year with a new course for public administration employees. They deal...

National Institute of Administration opens new courses for public administration employees
The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 "will be decided on Monday"
News in English 24 Martie 2024, 21:33

The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 "will be decided on Monday"

The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 will be decided on...

The names of the joint candidates with which PSD and PNL will participate in the local elections on June 9 "will be decided on Monday"
"By the end of the year" Cluj will supply water to Salaj
News in English 24 Martie 2024, 21:32

"By the end of the year" Cluj will supply water to Salaj

Romania's longest water main is nearing completion. It will carry water from Cluj to Salaj. The pipeline is a...

"By the end of the year" Cluj will supply water to Salaj
Full integration into the Schengen area by the end of the year, "a feasible goal"
News in English 23 Martie 2024, 19:19

Full integration into the Schengen area by the end of the year, "a feasible goal"

Integration into the Schengen area with road borders also, is a feasible goal by the end of the year, says Interior Minister...

Full integration into the Schengen area by the end of the year, "a feasible goal"