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.
North Bucharest Investments anticipates a surge in international interest in the local real estate market following the launch of the Romanian Golden Visa program — a modern mechanism granting foreign investors a 5-year residence permit and the possibility to later apply for Romanian citizenship. The program, which allows eligible investments starting from €400,000 in real […]
Between October 21-25, Bucharest hosts the Climate Change Summit, the most important event in Central and Eastern Europe dedicated to climate action. The main event will take place on October 21 at the Palace of Parliament, featuring the participation of international leaders, decision-makers, and sustainability experts. CCS Week includes...
The works of several Romanian designers and artists will be on display at the Hôtel de Béhague in Paris, the headquarters of the Romanian Embassy, as part of the exhibition Valuable. The Romanian artists and designers included in the exhibition are Radu Abraham, Mircea Cantor, Bogdan Ciocodeică, Constantin Flondor, Cosmin Florea, Nona Inescu, Șerban Ionescu, […]
SCUT, Romania’s newest cybersecurity company, has officially launched the concept of the digital cyber shield — a unified approach, co-created with Orange Cyberdefense — that provides a high level of protection, complete visibility, and coordinated assistance in the event of a cyberattack. The event, organized in Bucharest, brought together industry experts, partners of the new […]
The Romanian engineering and technology company Simtel (BVB: SMTL) announced on Tuesday, October 14, that one of its companies will open a factory in Băicoi, Prahova, to produce industrial cleaning robots. Simtel has a 51% stake in Agora Robotics, the company that will operate the factory set to open in November. “We already have a […]
Over 50 civic and environmental organizations are calling on the General Council of the Municipality of Bucharest to increase fines for illegal deforestation. At the moment, the fine for the illegal cutting of a tree is only RON 50 (EUR 10), or even RON 25 (EUR 5) if paid within 15 days. The organizations have […]
