Seven former United States ambassadors to Romania signed a joint letter one week before the second round of the presidential elections on May 18, warning of the dangers posed by a pro-Putin president, G4media.ro...
The representatives of the Competition Council carried out unannounced inspections at the headquarters of several commercial banks on Tuesday, suspecting that the financial institutions colluded with each other to set loan interest rates, official sources told Hotnews. Also according to Profit.ro, the inspectors of the Competition Council descended, on Tuesday, on the offices of the commercial banks in the country, they being suspected of cartel-type agreement in connection with reports in the Credit Bureau. The control, carried out until late Tuesday evening, was aimed at gathering evidence to prove the anti-competitive agreement, with bankers’ computers, e-mails and telephones being checked. Last year, in November, the competition institution carried out unannounced inspections at 10 banks, suspected of having formed a cartel to establish the ROBOR index, according to which part of Romanians’ loans are calculated. Unannounced inspections are authorized by the Bucharest Court of Appeal. Inspectors thus aim to obtain information and documents necessary to clarify whether or not an anti-competitive practice exists. Unannounced inspections are an important step in the investigation procedures of possible anti-competitive behavior, but do not represent a pre-judgment regarding the companies’ guilt. If the Competition Council finds a violation of the competition rules, the companies involved risk fines of up to 10% of the turnover. Companies that cooperate with the competition authority under the leniency program can obtain immunity from the fine or substantial reductions of it.
Seven former United States ambassadors to Romania signed a joint letter one week before the second round of the presidential elections on May 18, warning of the dangers posed by a pro-Putin president, G4media.ro...
Romania won eight medals, namely two gold, two silver, and four bronze, at the Under-21 European Table Tennis Championships in Bratislava, Slovakia. Eduard Ionescu and Darius Movileanu won gold in the men's doubles, after defeating the pair Andre Bertelsmeier (Germany) / Tiago Abiodun (Portugal) in the final with a score of 3-1. The win came […]
Bog’Art Residential, part of the Bog’Art Group, a developer of premium residential properties in Central and Northern Bucharest, acquired a plot of land in an ultra-central area of Bucharest and formed a strategic joint venture with a Spanish investor for the development of a boutique residential complex valued at about EUR 20 million. The project […]
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of EUR 70.7 mln in Q1 2025 and a gross profit of EUR 22.6 mln, while the net profit for the three months stood at EUR 19.3 mln. “The first quarter of 2025 unfolded in a […]
The Romanian team participating in the 2025 Asian Physics Olympiad, held in Saudi Arabia, achieved the remarkable performance of winning seven medals, namely two gold, two silver, and three bronze medals, as well as an honorable mention. The competition, now in its 25th edition, was held in Dhahran, in the Kingdom of Saudi Arabia, with […]
Interim president Ilie Bolojan said on Monday, May 12, that he would vote for independent candidate Nicușor Dan in the second round of Romania’s presidential election. Dan, the current mayor of Bucharest, runs against George Simion, the leader of the far-right party AUR, in the election scheduled for May 18. In an interview with