Daniel Zamfir

PSD Senator Daniel Zamfir: Contracts for provision of services, utility supply, expressed in domestic currency

The contracts concluded for the provision of services or for the utility supply can be expressed only in lei, if both the issuers and the recipients are Romanian residents, stipulates a legislative proposal initiated by Social Democratic Party (PSD) Senator Daniel Zamfir. "As promised, I submitted the draft law on contracts and payment of invoices on Romania's territory.

IMF: Capping interest rates would adversely affect financial stability

The International Monetary Fund (IMF) has recommended Romania to avoid legislative initiatives aimed at capping interest rates for household lending and the prices at which individuals re-purchase debts acquired by third parties, according to a concluding statement released on Friday at the end of consultations with Romania under Article IV.