The Smart Home market of Romania is worth, at present, almost 20 million euro, under 1% of the whole European market, which is 23 billion euro, show the data of one of the leaders on the market for distribution of IT&C products and accessories in Romania, according to the estimates made by one of the leaders on the market for distribution of IT&C products and accessories on the local market.Sales of Smart Home products in the portfolio of the company have increased by 46% in the first quarter of 2021 against the same period of last year, and the best sold product is the Tellur thermostat for which ABN Systems appreciate an increase of 200% every year.The statistics of some global analyses, the dimension of the market for smart homes was evaluated at 79.13 billion dollars, in 2020, and the expectations are for 313.95 billion dollars until 2026, with an annual rate of growth of 25.3% during the period under study (2021 – 2026). Similarly, the European market of Smart Home is expected to grow from 23.3 billion dollars in 2020, up to 39.6 billion dollars until 2025, with a growth rate of 11.3%.At the same time, over the next four years, over 400 million houses in the whole world (19% of the households) will have at least one type of smart system installed, show the studies on the international market.Set up in 2002, ABN Systems International, the owner of the brand Tellur, and one of the leaders on the market for distribution of IT&C products and accessories in Romania, offers integrated solutions for mobility, IT infrastructure and storage, video surveillance systems, industrial equipment and automation. With a portfolio of over 30,000 IT&C products and accessories, ABN Systems is present on the market of 25 years, on three continents. ABN Systems International, the owner of the only 100% Romanian brand of telecom accessories and Smart Home products, Tellur and one of the leaders on the market for distribution of IT&C products and accessories will grow by 100% in 2022, as compared to 2021.
Bucharest Coffee Festival returns this weekend, from March 21 to 23, at Hala Laminor, bringing together coffee professionals and enthusiasts from Romania and abroad. The 2025 edition will host over 200 exhibitors, including producers, roasters, and distributors, across a 5,000-square-meter space. Attendees can explore a wide variety of specialty coffee, accessories, and brewing equipment, with […]
The National Authority for Consumer Protection in Romania, or ANPC, has put forward for public consultation an order that will require economic operators to inform consumers about the commercial markup applied to marketed products, relative to the producer's base price. In the draft order, ANPC argues that the consumer’s right to information is a fundamental […]
Romanian tax agency ANAF has put up for sale the factory of infamous disinfectant-maker Hexi Pharma. The company was involved in a major scandal regarding diluted disinfectants delivered to hospitals years ago. The controversial company, now in insolvency, has debts of RON 17.6 million to the Romanian state, and the Prosecutor's Office attached to the […]
On March 22, 2025, Romania will join millions globally in marking the 19th edition of Earth Hour, a powerful movement organized to raise awareness about environmental issues. This year's Earth Hour coincides with World Water Day, with initiatives emphasizing the need to protect and regenerate vital water resources. In Romania, WWF said it is using […]
Soulmates Ventures, a Prague-based Venture Capital (VC) firm, is strengthening its commitment to sustainable innovation with a EUR 50 million fund, increasing initial investments to up to EUR 3 million per startup, with follow-on funding totalling up to EUR 5 million to ensure long-term support. Investing under Article 9 of the SFDR, the accelerator and […]
The Public Transport Company of Timișoara (STPT), a major city in western Romania, said it will discontinue its electric scooter service, TroTM, starting this year. The decision comes due to concerns about the service’s efficiency and economic sustainability. Despite initial expectations, the TroTM service has seen limited usage, with only 350 users per month and […]
