Sales of the online shop evomag reached 50 million euro in 2024 and for 2025 the company estimates a plus of 20% of the business. The online shop announces investments of 500,000 euro to make operations more efficient, to extend to international marketplaces and to develop services. "evomag is maintaining the pace of investment and is announcing investments of 500,000 euros this year as part of its development strategy. The funds will be directed towards expanding its presence on international marketplaces, automating logistical processes, developing existing services and introducing a new service targeting mobile phone repairs," the company announces. evomag will place particular emphasis this year on the development of the corporate segment, strengthening the department dedicated to sales to companies and public institutions. "2025 is the year of rationalisation for evomag. We are focusing on optimising logistics operations by automating warehouse processes and increasing storage capacity. These measures will enable us to significantly improve the speed and reliability of deliveries, thereby strengthening the trust of our customers. At the same time, our international expansion through marketplaces offers us opportunities for growth in new markets", says Mihai Patrascu, CEO of evomag. In addition, the company will continue to develop its value-added services area, such as air-conditioning fitting, household appliances, TVs, computer assembly and maintenance, and GSM services, including mobile phone repairs. A strategic objective for 2025 is drawing financial partners who will support the plans for expansion and to contribute to reaching the turnover of 100 million euro in the years to come. For evomag, 2024 meant an increase in turnover of around 20% compared to 2023, to around €50 million, supported by high demand for products in the core categories. In addition, services offered by the company, such as air conditioning fitting, computer assembly and mobile phone repairs, doubled in volume and value. For 2025, evomag estimates a plus of 20% of the business, an acceleration of the increase of online trade, with a general advance of the market of approximately 10-15% while the offline retail will record a more modest increase. evomag is one of the biggest companies in the electronic commerce industry in Romania. The online shop sells tens of thousands of products in the fields of IT&C, home appliances, sports&fitness( including scooters and accessories for scooters) and home and garden, and five years ago it opened its first service for electric scooters, becoming the first online store in Romania to offer such a service.
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
Several Israeli citizens got into a fight on a plane flying from Israel to Bucharest on Monday, September 15. Upon landing, Romanian police issued several fines. The scandal reportedly broke out for religious reasons. The argument involved roughly 30 passengers of the flight from Tel Aviv to Bucharest. At one point, seven passengers started to […]
