GASC from Egypt bought 240,000 tons of wheat from France, Romania and Russia on Wednesday, with delivery term between 21 and 31 December, according to Reuters. GASC vice-president Mamdouh Abdel Fattah, said that French wheat represented half of the wheat quantity bought at the auction organized on Wednesday, to which they added 60,000 tons from Romania and 60,000 from Russia. GASC bought wheat at the price of 205.94 dollars per ton, C&F. It is for the second time over a month when Egypt prefers to buy a large quantity of wheat from France and other countries. On October 30, Egypt bought 120,000 tons of wheat from France and 60,000 tons from Romania and the same quantity from Poland. In November euro depreciated against the dollar which increased the attractiveness of French wheat. GASC is responsible for strategic wheat purchases on behalf of the Egyptian state, the largest world importer of wheat. Since the beginning of the fiscal year 2015/2016, Egypt has bought about 2.6 million tons of wheat, the main supplier being Russia and Romania.
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 […]
