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BUSINESS

Romania is both a market and competitor for U.S. as regards organic products

organic products

Even if Romania has a low production of organic products compared to other European countries, the lack of processing units makes it an important player on the global market. The organic industry estimates that around 80 percent of the organic ...

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Only 55 pc of MTPL claim files are paid within the 10 day- statutory period

MTPL claim files

54.70 percent of the MTPL claim files in the first half of 2016, namely 45,643, were paid within the 10 day- term, the legal deadline, the Financial Supervisory Authority (ASF) analysis reads, quoted by a press release. Thus, during January ...

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Micula brothers to sell 11 hotels they own at Romanian seaside

Micula brothers

Brothers Ioan and Viorel Micula put up on sale 11 of the 12 hotels that they own at Romanian seaside purchased in the early 2000s, during “the large privatization process in tourism”, profit.ro informs. Thus, the 11 hotels with 2,700 ...

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Competition Council starts investigation on the salt used for snow removal

deszapezire sare salt

The Competition Council has launched a sector inquiry on the salt used for snow removal. The survey will analyze the structural conditions of the market, the players’ behaviour and how much these influence the evolution of market variables (price, quality, ...

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Construction works for the first Courtyard by Marriott in Romania to start this year, sources say

Courtyard by Marriott

Lithuanian investors who own Europa Royale Hotel in Bucharest and build first Hilton Garden Inn in Romanian capital’s Old Town, will start this year the construction works for another hotel in the northern Bucharest, which will be affiliated to Courtyard ...

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TAROM to provide AirFi service onboard as of March 14

tarom

TAROM’s aircraft Airbus 318 and Boeing 737 have been equipped with AirFi service to be provided free to the passengers as of March 14, the company representatives announced on Monday in a press conference. “The AirFi entertainment service is offered ...

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Greek Warply enters Romanian market

warply

Warply, the leading European mobile loyalty and payments cloud company for marketers, enters Romanian market, providing innovative solutions for successful B2C and B2B loyalty programs, a press release informs. With a wide experience in Mobile Loyalty, especially in banking, telecommunications ...

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Highest EUR/RON exchange rate in the past four years and a half

bani euro

The European currency reached on Monday a new record level against the national currency, at the National Bank of Romania (BNR) official rates. EUR has appreciated by 0.33 bani to RON 4.5538, exceeding the record registered last Wednesday of RON ...

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Romania began 2017 with a growing trade deficit by almost 60 pc

trade deficit

In January 2017, the FOB exports amounted to EUR 4680.2 million and the CIF imports amounted to EUR 5282.4 million, National Institute of Statistics (INS) shows. According to a press release, in year-on-year comparison, in January 2017, the exports and ...

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