Customs inspectors from the Bucharest Regional Customs Directorate seized, between April 2-3, 2024, counterfeit goods worth approximately 5.5 million RON (1 euro = 4.96 RON), informs the Romanian Customs Authority through a press release."During 02-04/03/2024, the customs inspectors from the Constanta Border Customs Office as well as from the Constanta South Border Customs Office, acting on the basis of their duties, discovered during the physical control 4,198 pieces of perfumes of various established brands, as well as 16,500 pairs of CROCS model slippers. Suspecting the violation of some intellectual property rights, the customs authority took the measure of detaining the goods," the press release reads.According to the quoted source, their value, in the situation where they would have been sold on the market at the retail price of an original product, is approximately 5.5 million RON."We note that although they can be sold at attractive prices, counterfeit goods present risks that endanger the health and safety of citizens," AVR representatives point out.
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
