The Bittnet Group received an order from the Competition Council regarding the launch of an investigation into the market for the sale of information and communication technology equipment in Romania, which concerns various procedures from 2019-2024."Bittnet Systems S.A. informs investors about receiving an order from the Competition Council regarding the launch of an investigation into the market for the sale of information and communication technology equipment in Romania. The investigation concerns various procedures from the period 2019-2024 related to some IT&C infrastructure projects and covers several companies active in the IT field in Romania, including 2 companies that are part of the Digital Infrastructure pillar of the Bittnet group: Dendrio Solutions SRL and Dataware Consulting", reads an announcement of the company sent to the Bucharest Stock Exchange on Wednesday.According to the cited source, the investigation launched by the Competition Council is being carried out in compliance with the specific procedure conferred by law. In the framework of such actions, the competition authority pursues the collection of data and information for the purpose of performing all analyzes on the targeted markets and verifying the behavior of companies active in these market segments."Until the procedures are completed and competition violations are found through a reasoned decision, the investigated companies are not considered to be in a situation of non-fulfillment of their legal obligations. The Bittnet Group is not aware that any of the companies in its group are involved in any way in anti-competitive practices where it has offered in the public or private space, the group being actively involved in the implementation of some projects and procedures to comply with the competition rules. The Bittnet Group assures the authorities of its full cooperation in this investigation regarding the conduct of the procedures, once they will be communicated to him by the Competition Council", the cited announcement reads.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
