Orders placed in 2021 with the regional SaaS e-commerce platform MerchantPro were 72 percent up in volume and 48 percent higher in number, shows a release issued on Monday.December 2021 also saw a significant rise in the average basket size, which was almost 30 percent higher compared to the previous year, while the annualised increase was 18 percent."December marked the end of a year of steady growth in the Romanian online business, as the stores created on the MerchantPro platform registered an advance almost as spectacular as in 2020. According to MerchantPro data, whereas in December 2020 the y-o-y increase in the value of orders was 99 percent, in December 2021, growth from the year-ago period was 75 percent," the release states.By value, the largest order placed in December was over 60,000 euros, for the purchase of specialized hospitality equipment. By product numbers, the most diversified order had 300 items and was placed in the food & beverages segment. The busiest day in terms of orders was Monday, December 13, with more than 15,000 orders placed.Apart from Bucharest which is on the first spot, the most dynamic cities by the number of orders placed were Constanta, Cluj-Napoca, Iasi and Timisoara, and most orders were placed for IT & electronics (+214 percent). Fashion, sporting and home & deco shopping was also uptick.More than 5,000 online stores have used the MerchantPro regional platform over the past 10 years. MerchantPro is a project by software company ShopMania Net, which provides Romanian and European e-commerce entrepreneurs competitive trading features, professional support services and customized solutions tailored to specific development needs. The number of active online stores using the MerchantPro SaaS e-commerce platform is in excess of 1,500.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
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 […]
