Romania was recognized as a trustworthy partner for the United States of America from the point of view of intellectual property protection for the first time in 25 years, informs, on Thursday, a press release of the Executive.The United States Trade Representative (USTR), the US government agency that deals with international trade relations, published the Special Report 301 for 2022, in which, for the first time in over 25 years, Romania is removed from the Watch List, thus formally recognizing that Romania has the capacity to overcome barriers in what regards protection of intellectual property rights.Romania was placed on the watchlist for the first time in 1995, and after three years of observation, was placed on the list, where it was constantly present from 1999 to 2021, being the only EU member-state on it.Thus, according to the USTR announcement, among the reasons for the positive development were the appointing of the first national coordinator in the domain of intellectual property, Sorin Costreie, advisor to the PM; the establishment of a new unit within the Directorate for Investigating Economic Crime of the Romanian Police General Inspectorate, specialized in cases of online piracy; allotting additional officers for intellectual property investigations and the resumption of organizing by the Service to coordinate the activity of the Public Ministry in the realm of intellectual property laws within the Prosecutors' Office attached to the High Court of Cassation and Justice of meetings of the Working Group on matters of intellectual property rights; a public-private partnership created as a support structure for preventing and combating infringements of intellectual property rights.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
