UN Court

European Court Finds Bulgaria Breached Former Tsar’s Property Rights

Simeon II of Bulgaria at the Royal Academy of Fine Arts in Madrid in June 2016. Photo: EPA/FERNANDO ALVARADO

The court found that Bulgaria breached their rights by imposing a ban on any commercial exploitation of forestland owned by the siblings. The court said it found that the Bulgarian authorities "failed to justify the broad measures it had instituted to protect the forestland".

Djokovic from the abyss to the eighth finals

Serbian tennis player Novak Djokovic played an unexpectedly uncertain match against Kei Nishikori, which lasted more than three and a half hours, advancing against Kei Nishikori 3: 1 (6-7, 6-3, 6-3, 6-2) in the third round.
The match once again showed that Djokovic manages better when he plays in three won sets, instead of two, as was the case at the Olympic Games.

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.