Online sales in Romania in H1 2024 were more than 9 percent higher compared to the same period of the previous year, according to a specialist survey released on Wednesday by local SaaS-based e-commerce platform MerchantPro.According to data centralized in the report, the positive dynamics is mainly due to developments in the second quarter, when online sales rose by over 12 percent. In terms of orders placed by customers in the first half of 2024, the growth pace is similar to 2023, at 6.71 percent."Automation and Artificial Intelligence, customer loyalty, the diversification of business models and increased competition are some of the main trends and challenges that characterize the local e-commerce market in the first half of the year. The market development prospects are backed by the real dynamics in the first part of of the year. Romania's eCommerce market continues to grow, fueled by access to digital technology and the increase in the income of the young population and digital natives, but electronic commerce has reached the age of maturity. Year-to-year growth is moderate and the competition is getting fiercer, especially from strong international competitors, both brands from the EU or, as in the last 12 months, non-EU players such as Shein or Temu, whose global rise is gaining momentum," experts estimate.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
