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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
