The Competition Council has fined pharmaceutical company Boehringer Ingelheim RCV Gmbh & Co KG (Austria) with 128.470 million RON (25.81 million euros) for abuse of a dominant position on the Romanian market of medicines intended for the treatment of chronic obstructive pulmonary disease (COPD), according to a press release.The competition authority found that, over 2017-2021, Boehringer Ingelheim RCV Gmbh & Co KG limited market access to the generic medicine Spiriva (cheaper) and directed patients to Spiolto Respimat, an innovative, more complex and more expensive medicine.According to the Therapeutic Guide in force at that time and the national protocol, not all patients affected by COPD have a more complex medicine as their first treatment option (dual therapy), some of them having the medicine Spiriva and implicitly its generic versions (monotherapy) as their initial indication.Boehringer Ingelheim RCV Gmbh & Co KG has carried out an intensive communication and promotion strategy to influence doctors' decisions so that they will prescribe the drug Spiolto Respimat more widely.In this way, the company intended to make it more difficult to sell competing generic drugs similar to Spiriva and to direct the revenues generated by this product to the new drug Spiolto Respimat.Both drugs are reimbursed 50% by the Health Insurance House, the difference being paid by patients.The clues that were the basis for triggering the investigation also included information received on the Competition Whistleblower Platform, a tool through which violations of the Competition Law can be brought to the attention of the authority, anonymously. The platform can be accessed at https://report.whistleb.com/ro/consiliulconcurentei.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
