The Forest Workers' Association of Romania (ASFOR) and the Romanian Commodity Exchange (BRM) concluded a Memorandum for creating a platform for wood sales called Wood Exchange. “Such a platform will ensure transparent, efficient, competitive transactions. Data on markets administered by BRM are public and observing ethical norms are assumed by exchange regulations,”BRM announced. The signatories of the Memorandum say they assumed a construction which would simplify and clarify wood trade. “Exchange transactions have advantages for both sellers and buyers: prices are negotiated electronically or by auction; quotations and reference prices are laid at the customers' disposal; the contract is carried out in good conditions based on a warranty system; electronic billing and direct debit; short procedure duration – the order will be valid in transactions in no more than7 days since its issue, BRM shows. The setting up the of Wood Exchange will take wood trade to another level in point of commercial and ethical perspectives. “There are wood exchanges in western states, we hope to make the Wood Exchange operational in Romania in quarter 1, 2022,” BRM shows. ASFOR represents the interests of companies in the field of wood exploitation and primary processing. The Association promotes free, secure and transparent wood trade and wants to develop the market devoted to the sale and purchase of wood. BRM is an institution of experience in the organization of material markets. It has a structure already set up for the sales-purchase of goods and points out that it can build and operate an exchange market platform for wood sales.
Romanian restaurant chain Spartan, which local entrepreneur Stefan Mandachi sold last year to the brand’s main franchised investors, said it recorded a turnover of EUR 48 million in 2023 and announced plans for local and international expansion. The quick-service restaurant network has reached 75 locations and sold Greek-inspired products to over 7 million customers last […]
Remote Butler, an app developed by an IT company from Cluj-Napoca, Romania, that allows registered waiters to practice their profession regardless of their location, will also include people with disabilities. Moreover, it will also use sign language to make it more pleasant for people with speech impairments to access the services of the restaurants they […]
Techsylvania, the premier tech conference renowned for its ability to unite visionaries in the world of technology, is gearing up for its highly anticipated event in 2024. With a focus on fostering collaboration, sparking innovation, and providing unparalleled networking opportunities, Techsylvania 2024 promises to be an event like no other. Among the most exciting aspects […]
‘Small actions influence significant and unforeseen consequences’ This is the root of the Butterfly Effect and the theme behind the inaugural edition of TEDx ISB. We are thrilled to share the resounding success of this event’s first edition, held on the 6th of April 2024. TEDx events are...
flydubai decided to open a new office in Bucharest, in the Eminescu Offices building, according to Cushman & Wakefield Echinox, the real estate consultancy company that brokered the lease. Founded in 2008, flydubai is a low-cost airline based in the United Arab Emirates (UAE). Elena Iaru, Consultant Office Agency, Cushman & Wakefield Echinox, said: “We […]
Alstom announced on April 23 that it completed a new maintenance facility in Bucharest for electric rolling stock. According to the company, Alstom Grivita Depot is Romania’s first established depot dedicated to the maintenance and testing of electric trains and locomotives. The first EMU from...
