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.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
