Economy | 11 October, 2024 at 12:03 PM
Romanian e-commerce ranks 3rd in Central and Eastern Europe
In 2023, Romanian e-commerce of goods and services reached €10.6 billion, representing 3.32% of GDP.
In 2023, Romanian e-commerce of goods and services reached €10.6 billion, representing 3.32% of GDP.
Investment of more than €100 million to increase shipping capacity in the fourth quarter of 2024.
E-commerce expansion is fueled by access to digitalization and the rising incomes of the young population and digital natives, but also by the evolution of technology.
66% of consumers find private label just as good as branded alternatives, with 38% having no plans to switch back to branded goods.
Western European shoppers spend an average of €85 per transaction, while Eastern European consumers spend €55.
PP's total footprint at the Park to around 90,000 sqm with the new facility comprising 40,000 sqm with the remainder of the building being used as an LPP distribution centre.
A Romanian team of young tech geeks designed five AI-based robots which can tirelessly work as brand manager, sales agent, data engineer and influencer.
Fulfill.ro, the e-commerce logistics division of Mediapost Hit Mail, the largest integrator of direct marketing services in Romania, has reached a 37% increase in turnover in 2023.
PayU GPO Romania, the leader of the local online payment market, estimates that the value of the e-Commerce market will be around €11.5 billion in 2024.
Lower discount rates make their future cash flows more attractive, leading to higher valuations.
The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.
AI boom could further threaten 2050 decarbonization commitments unless used responsibly and scaled to its full potential as a lever of achieving net zero.
The project covers an area of 8,500 m2 of land and has approximately 47,000 m2 built, including the underground, and each of the three buildings has a height of S+P+10E+Duplex.
Project will be co-financed from an EU program run by the Romanian Ministry of Energy.