Romanians trust online trade, the number of sales is going up and cumulated figures since the beginning of the year are over initial estimates, said Irina Pencea, general manager of eMAG Romania and senior VP eMAG Romania, Bulgaria and Hungary, present at Profit E-commerce Challenges of growth in markets with ever harsher competition - 5th edition. “In Romania we feel the people's confidence in e-commerce, we feel that people are buying more, we see that in present figures. We have more orders from the same customers and more customers who buy online from more product categories. Besides household appliances, we see more orders for the other categories of products like fashion, consumables, cleaning products, products for children, a.o”, said Pencea. In the case of eMAG, the biggest online retail dealer in Romania, Pencea says that in 2024 initial estimates have already been exceeded. She pointed to the fact that delivery time to the other markets where eMAG is present is affected by the fact that Romania is not part of Schengen. 'Practically, delivery time grows by one day because of the time spent by going through customs. If we were part of Shengen, delivery time would be shorter, customers would receive ordered products more quickly and sales would grow. The growing potential in the area is very high, we have confidence in the rising e-commerce in the area, and that is why we invested in the two markets – Hungary and Bulgaria. It is important to acclerate and be able to play in an area offering the same conditions to players in these countries, to be able to have more rapid access abroad, the same as in Hungary any European player can go to the neighbouring country without going through customs,” Pencea said.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
