Romanian online retailer Elefant.ro, a small-sized player on the local market, reported a modest increase in revenues and deep RON 3.79 mln (EUR 0.76 mln) losses in January-June this year, compared to thin RON 0.47 mln net profit in the same period of the year before, according to a company's statement filed to Bucharest Stock Exchange (BVB) where its bonds are traded. The company's officials hope that the customers will return online after spending their holidays outdoors, with a visibly negative impact on e-commerce. "The year started with a robust growth in e-commerce, which then gradually diminished after the relaxation of restrictions. Beginning in May, Romanians focused their consumption more on holidays, restaurants, shows, and convenience stores. We see this market correction as on a transitional one, and we expect a return of the increase of online consumption starting with September," said Sergiu Chirc?, general manager of Elefant.ro, according to Bursa.ro. The report regards the financial situation of Elefant Online S.A., the company that issued the bonds, under national accounting procedures. Its revenues increased marginally from RON 102.4 mln (EUR 20.5 mln) to RON 104.4 mln (EUR 20.9 mln). The company's payroll surged from RON 6.46 mln to RON 8.33 mln, and the value of the outsourcing contracts advanced as well from RON 17.5 mln to RON 20.9 mln. In another statement, Elefant Group reports (under IFRS) tripling of its losses to RON 4.55 mln (EUR 0.9 mln) in January-June 2021, from RON 1.66 mln losses in the same period of 2020. Group's total revenues increased from RON 103.5 mln to RON 107.2 mln. The better financial indicators this year were mainly stimulated by attracting a larger number of unique visitors to the site, the company explains.
On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape. […]
With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]
Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA). “We want Timișoara to become a reference point […]
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
