Retailers Carrefour, Auchan, and Cora must pay some EUR 19 million for price-fixing in Romania as the local Competition Council announced that it definitively won the lawsuits against the former two – which challenged the fine in court.
The Competition Council fined the three approximately RON 87.713 million (EUR 18.8 million) in 2019 for fixing shelf prices in the promotions carried out by retailers.
Carrefour Romania, which took over Cora in 2023, admitted the deeds and, as...
Bucharest is one of the best cities for artificial intelligence startups, according to the Global Startup Ecosystem Index 2024 report by StartupBlink, quoted by Economedia.ro. However, only one Romanian startup, unicorn UiPath, seems to lead the country's capital city to this top. Romania has entered...
Former Romanian journalist Radu Budeanu, currently owner of the Titluri Quality, which includes the Cancan tabloid, the Gândul, general daily, and the ProSport sports daily, has purchased major local news agency Mediafax and its media products: the website, photo agency, and news feed. The transaction was agreed on January 8, 2025, according to Mediafax. ...
Romania’s imports of goods advanced by 2.8% y/y to EUR 126 billion in 12 months to November, driven by robust domestic demand for consumption and investments, while the exports contracted by 1.5% y/y to EUR 92 billion in the same 12-month period, according to data published by the statistics office INS. The trade deficit in […]
The retail sales volume increased by 8.6% y/y in November and 7.9% y/y in the 12 months to November 2024, according to data published by the statistics office INS. Although the figures are broadly in line with the overall macro landscape (robust growth of households' income, imports rising faster than exports), there is an unusual […]
Romania was formally designated the 43rd country to join the US Visa Waiver Program (VWP) on Friday, January 10. According to the Romanian ambassador to Washington, Andrei Muraru, Romanian citizens will be able to travel to the US without the need for a visa starting March 31, 2025. "Romania becomes the first country in the […]
Cluj-Napoca, the city in Romania with some of the highest rents and a fast-growing IT industry, is closer to banning smoking in playgrounds and parks after mayor Emil Boc expressed his support for the measure. The mayor cited the prioritization of public health as the reason behind such a ban. He mentioned that he has […]
