“Richard Branson-backed” hyperloop startup seeks funding on Bucharest's SeedBlink
4 days ago
The turnover of the e-commerce sector in Romania hit €4.3bn in 2019, an increase of 22% compared to 2018, according to GPeC based on data supplied by major local online retailers members of the Romanian Association of Online Stores (ARMO) quoted by Agerpres.
The turnover includes the purchases of tangible goods made from local and foreign online stores but not including services, air tickets, vacation, travel, hotel reservations or utilities payments.
GPeC is the largest community of Romanian online retailers, set up with the aim of evaluating market dynamics.
“The pace of growth in 2019 vs. 2018 was slower compared to that in 2018 vs. 2017, when the growth rate was about 30%,” the report reads.
The report also quoted Eurostat data, according to which only 23% of the population of Romania made online purchases in 2019, which places the country second-to-last in the European Union, ahead of only Bulgaria with 22%.
According to the document, the sum of €4.3bn , as estimated by the Romanian e-commerce market, is strictly the e-tail segment, representing physical (tangible) products that were purchased through the Internet.
Related Content
Tech
“Richard Branson-backed” hyperloop startup seeks funding on Bucharest's SeedBlink
Swisspod Technologies, co-founded by Romanian Denis Tudor, is developing a fully-electric capsule that travels at near-sonic speeds.
Russia cracks down on foreign hosting providers
Russian authorities have cracked down on foreign hosting providers and cloud service companies, blocking access to their websites.
Kyrgyzstan to hit TikTok with access curbs “to protect kids’ mental health”
Targeting of social media favourite follows regime’s moves against news outlets, civil society and opposition politicians.
Banca Transilvania launches Romania's first neobank
Salt Bank was created on the foundations of Idea Bank, which was taken over by Banca Transilvania.
_1711970902.jpg)
Russia's data management segment boosted by foreign vendors' exit
While the exit of foreign vendors following Russia's invasion of Ukraine two years ago dealt a hard blow to some industries, other sectors have benefited, such as Russia's data management and storage industry, which is projected to triple by 2027.
Most Read
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
1 day ago
-
UK’s Cameron addresses British “lack of seriousness” in Central Asia with five-day tour
1 day ago
-
COLLINGWOOD: Ukraine’s power blackout means a dark future
1 day ago
-
Armenia and Azerbaijan announce first border delimitation deal since the collapse of the USSR
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
6 days ago
-
Russia’s war economy boosted by rising oil prices
7 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
6 days ago
-
Iran vs Israel: Who is better equipped for war?
9 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
24 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
28 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
26 days ago
-
UBN: Russia could take the Baltic states in 48 hours
1 month ago