The food service market in Romania grew to 5.66 billion euros in 2021, exceeding by 21% the record registered in 2019, before the beginning of the Covid 19 pandemic, according to the fifth edition of the national food & drinks service national study, made by Hospitality Culture Institute. According to specialists of Hospitality Culture Institute, Glovo is the leader in the food delivery market, followed by Tazz and Foodpanda. The performance is more notable as, since the beginning of the ongoing year, Glovo purchased the infrastructure and services of Foodpanda, consolidating its leading position. “In point of payment means, cash wins back the grounds lost during the pandemic, which makes more surprising the aggressive increase of the number of Romanians who no longer leave tips on location or upon delivery. In just a year, the percentage of those who do not leave tips has trebled reaching 32%,” Florin Maxim added. According to Hospitality Culture Institute data, Romanians started spending more money for food services, the value of expenses growing in all categories analyzed. However, 59% of the market continues to be generated by expenses between 21 and 50 lei. The report includes the detailed analysis of the expense value and the evolution of every industrial sector, as well as annual variations. As of 2016, the gastronomic area in supermarkets/hypermarkets annually grows by over 30%, a sign that players who counted on the extension and diversification of this service made a winning bet. In exchange, the Romanians' preference about the form of the menu is a first in the same period of time. Thus, for the first time in the last 5 years, Romanians prefer digital menus to the detriment of the physical one, representatives of Hospitality Culture Institute add. Quantitative data were gathered through CATI methods (Computer Assisted Telephone Interviewing), in partnership with Exact Business Solutions, a company with over 12 years of experience in marketing research.
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
GapMinder Fund II, a Venture Capital fund focused on technology companies created in Romania and Eastern Europe, has invested in VoicePatrol, an Artificial Intelligence-based startup for real-time protection against toxic behaviors in multiplayer game voice chats. GapMinder was the lead investor in an Early-Seed round, along with Hyperscope Ventures. The investment will enable VoicePatrol’s technology […]
