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.
Romanian director Cristian Mungiu will be part of the jury that will judge the films in the main competition of this year’s Venice Film Festival - Venezia 82. The jury, headed by American director Alexander Payne, includes French director and screenwriter Stéphane Brizé, Italian director and screenwriter Maura Delpero, Iranian director and writer Mohammad Rasoulof, Brazilian actress, writer, and […]
Romania continues to face significant prison overcrowding, according to the Council of Europe’s latest data, released on Friday, July 18. The 2024 Annual Penal Statistics on Prison Populations (SPACE I) show that Romania is among six countries in Europe with severe overcrowding, housing 116 inmates for every 100 available places. The report, which...
Chris Hemsworth returns to Disney+ in August with a new season of the National Geographic documentary series Limitless, this time focused not just on longevity, but on discovering how to live better. Titled Limitless: Live Better Now, the three-part season follows Hemsworth through physical, emotional, and mental challenges across six countries, with one standout episode […]
The Black Sea 200 Regatta 2025, Romania’s first non-stop offshore regatta with a 200 nautical mile route, takes place between July 21 and 27. Now in its first edition, the event brings together more than 10 boats from Romania and Bulgaria, according to the organizers. The endurance course will start and finish in the Romanian […]
The National Environmental Guard has fined an illegally operating zoo in Dâmbovița county, southern Romania, a total of RON 120,000 following a joint inspection that uncovered serious violations, including the lack of environmental authorization and inadequate conditions for wild animals kept in captivity. The zoo was reportedly charging RON 50 per person for entry and […]
The National Cybersecurity Directorate (DNSC) and engineering company Enevo Group have signed a strategic cooperation agreement to strengthen cybersecurity in Romania’s energy sector. The partnership aims to test and develop monitoring and alerting technologies for cyberattacks, and to improve national response coordination to incidents affecting critical infrastructure, the companies said. The agreement focuses on sharing […]
