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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

eMAG fined in Hungary for false advertising campaigns

eMAG, the largest Romanian online retailer also active in Bulgaria and Hungary, was slapped a HUF 200 mln (EUR 0.56 mln) fine by the Hungarian Competition Authority and was compelled to pay compensation worth HUF 4 bln (EUR 11.2 mln) to customers and traders, Profit.ro reported.

The ruling followed an investigation in which the practices of hundreds of sellers on the eMAG marketplace were examined for a period starting with July 2014.

The Hungarian Competition Authority concluded that no internal rules were developed during the price reduction campaigns to ensure a truly reduced product price and to ensure that the initial price of the products really reflects the price before the campaign.

eMAG has accepted the decision and will pay the fine, will offer all its customers a coupon worth HUF 3,000 (about EUR 8), in a total value of at least HUF 1 bln (EUR 2.8 mln), and will support the online sales activities of Hungarian small and medium enterprises with a program worth over HUF 4 bln.

andrei@romania-insider.com

(Photo source: Lenutaidi/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

eMAG fined in Hungary for false advertising campaigns

eMAG, the largest Romanian online retailer also active in Bulgaria and Hungary, was slapped a HUF 200 mln (EUR 0.56 mln) fine by the Hungarian Competition Authority and was compelled to pay compensation worth HUF 4 bln (EUR 11.2 mln) to customers and traders, Profit.ro reported.

The ruling followed an investigation in which the practices of hundreds of sellers on the eMAG marketplace were examined for a period starting with July 2014.

The Hungarian Competition Authority concluded that no internal rules were developed during the price reduction campaigns to ensure a truly reduced product price and to ensure that the initial price of the products really reflects the price before the campaign.

eMAG has accepted the decision and will pay the fine, will offer all its customers a coupon worth HUF 3,000 (about EUR 8), in a total value of at least HUF 1 bln (EUR 2.8 mln), and will support the online sales activities of Hungarian small and medium enterprises with a program worth over HUF 4 bln.

andrei@romania-insider.com

(Photo source: Lenutaidi/Dreamstime.com)

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