National Authority for Consumer Protection

Raiffeisen Bank, 100K RON fine for illegal interest rate manipulation

The National Authority for Consumer Protection (ANPC) has issued a fine to Raiffeisen Bank worth 100,000 RON (rd 20,280 euro) for incorrect commercial practices and decided to suspend the bank's activity regarding this behaviour, the first time such a measure was applied n Romania, as well as ordered it to return the illegally cashed commissions from customers, the ANPC informs.

Raiffeisen Bank to refund to customers any amounts collected in excess

Raiffeisen Bank proceeded to implement the ANPC (National Authority for Consumer Protection) order according to which the management fee could not be included in the interest margin for the restructuring of the loans, and after the restoration of the calculations, the bank will return to the clients any amounts collected in excess, the bank's representatives told AGERPRES.

Stores, required to display lowest price in last 30 days before offer

Stores will be required by law to show the lowest price discounts in the last 30 days before the offer, according to a draft Decision proposed by the National Authority for Consumer Protection (ANPC), with the aim of providing customers with a weapon against the misleading offers, and launched in public consultation.

EconMin: Half of face masks on market do not protect against Covid-19, all non-compliant masks, imported

Half of the face masks on the market do not protect against Covid-19, and the Ministry of Economy will issue an order requiring traders to specify this in case of non-compliant products, the relevant minister, Virgil Popescu, said on Wednesday. "I am disappointed with the quality of the protective face masks currently on the market.

Competition Council launches food price monitor, meant to help increasing competition and cheapening products

The Competition Council on Tuesday launched the platform "Food Price Monitor," which allows the comparison of more than 30,000 products from 1,700 stores from all over the country, meant to help strengthening competition on this market and cheapening foodstuffs at the most expensive stores.

ANPC study: 22.78 pct of the products analyzed present differences in Romania compared to Western Europe

A study conducted by the National Authority for Consumer Protection (ANPC) shows that 22.78 pct of the total of products checked show differences in Romania as compared to the versions sold in Western Europe, stated, on Tuesday, Paul Anghel, general director of the ANPC, in a specialty conference. "We checked depending on the labels that were presented to us in the European study.

ANPC: No participation in EU study on food double standard, to be neutral when taking over EU Council Presidency

The National Authority for Consumer Protection (ANPC) has decided not to send samples within the European study assessing the differences regarding food product composition, on the grounds of the neutrality in the context of Romania's taking over the Presidency of the Council of the European Union, said ANPC President Marius Pirvu at the presentation of the stocktaking report of the Ministry of