The National Supervisory Council of the Railway Sector (CNSDF), within the Competition Council, sanctioned Grup Feroviar Roman [Romanian Railway Group] with Ron 3.49 million lei for not complying with the measures imposed by the national regulatory body and for not allowing access to all railway transport operators to the service infrastructures they operate in the CF Palas station in the Constana Port area.According to a press release sent on Monday, CNSDF decided, in October 2023, as a result of a complaint by CFR Marfa, that Grup Feroviar Roman SA (GFR) and Trans Expedition Feroviar SRL (TEF) grant, under fair conditions, non-discriminatory and transparent, the right of access of all railway transport operators to the service infrastructures at CF Palas station and to the services offered within these infrastructures.At the same time, GFR had to publish the description of the service infrastructures in the CF Palas station, the services offered within these infrastructures and the tariffs charged, including information on the coordination procedure and the prioritization criteria, in order to maximize the available capacity.Also, the company had to recalculate and publish the tariffs for the services offered within these infrastructures.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
