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.
BeeFast, the Romanian tech startup specializing in instant delivery management solutions, announces securing a USD 450,000 investment. The funds will be used to accelerate BeeFast's international expansion and further develop its SaaS (software as a service) platform, which is revolutionizing the way companies manage their ultra-fast delivery fleets. Amid a consistent and organic increase in […]
A new online tool allows the location of Romanian passenger trains, Profit.ro reported. On the Bilete.infofer.ro platform, under the heading "My train/Trenul meu," one can track the position...
Presidential candidate Ludovic Orban, now the head of a center-right political vehicle but once the leader of the Liberal Party (PNL), announced he was stepping down in favor of reformist leader Elena Lasconi (USR) in a move aimed at triggering a consolidation of the center-right forces under a single candidate, several days before the first […]
The Romanian national postal company Posta Romana will close all its post offices "in the coming years" and rent them out, announced the company's general manager, Valentin Ștefan, quoted by Economica.net. The only reason for not closing the offices...
The Romanian Parliament, by the vote of the Chamber of Deputies, adopted an amendment to the Fiscal Code to exempt from taxation, until July 31, 2025, the earnings derived by natural persons from investments in cryptocurrencies, according to Profit.ro. The timing is important since cryptocurrency...
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard. "RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability," […]
