loophole
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ZF English
Commercial banks find loophole in new National Bank regulations
The National Bank of Romania (NBR) is doing its best to block a loophole found by banks, which are now going around the restrictions imposed by the central bank on granting home loans. More exactly, the National Bank has sent a notification to the commercial b...
ZF English
Legislative loophole benefits majority shareholders
Romania's legislative framework is renowned for its lack of coherence. Ordinances are issued, then come the laws that pass and modify them, only to be followed by new ordinances that change...