Romania has the most rapid e-commerce growth in Central and Eastern Europe, and Romanians expect banks to offer their customers dynamic, efficient experiences according to their real needs, according to the McKinsey Global Annual Banking Review. “Among the most relevant functions there are personalized services and offers or connecting to ecosystems of adjoining services (financial and non financial). The latter are in an early stage in the Romanian market,” survey authors say. McKinsey analyses point out that banks in Romania registered significant increases in 2020-2021 for the digital sales segment, but the starting point was very low compared to other EEC countries (the percentage of digital sales was about 10% in Romania versus about 25% in EEC for certain products). Most of the digital advance is still determined by opening simple products. At the same time, digital sales, for instance, are still at an early stage in Romania, but EEC and world wide examples show a significant short and medium term potential. The survey shows that the financial service industry has survived the pandemic better than initial estimates, but the sector is under the sign of extreme evolutions and performances. McKinsey & Company is a global management consulting company devoted to organizations which intend to make changes that count. In over 65 countries and 130 cities, company teams help customers from the private, public and social sectors define daring strategies and change how they work, incorporating technology where it brings value and develop capacities to sustain change.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
