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.
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
