VTEX (NYSE: VTEX), the global enterprise digital commerce platform, is presenting five new products during VTEX DAY 2023. The new products help companies compose commerce architectures and experiences that boost operational efficiency and create new sales channels. Retail and ecommerce are living in a new era where efficiency is the top priority. After experiencing the rapid growth of the last […]

Romania’s ecommerce market is becoming stronger in South-East Europe, growing faster than the global average of 16.6% per year, reaching a total value of 10 billion euros by 2025, according to data from the eBook eCommerce Growth Strategies, the largest report of data and growth strategies for online stores in Romania, made by Limitless Agency, one of the leading digital […]

CloudCart, the professional eCommerce-as-a-service platform, launches in Romania. The company offers easy-to-use software to automate the creation of online stores, as well as a complete ecosystem of partnerships, tools and support services dedicated to each market to cover all the day-to-day operational needs of online merchants. Initially launched in the Bulgarian market and rapidly expanding regionally, the company currently has […]

The number of stores allowing customers to scan items as they shop grew by nearly a quarter globally last year, and is expected to triple by 2028. 57,000 stores offering mobile self-scanning Retailers are increasingly investing in mobile self-scanning technology, with an additional 11,500 stores offering the service in 2022. According to Mobile Self-Scanning and Checkout-Free 2023, a brand new […]

DSV Road, the third largest freight transport company in Romania, appoints Mihai Teodorescu, Country General Manager Road, as Sustainability Ambassador, aiming at the development of the Green Transport division. By the end of the year, the company estimates a doubling of the demand for green transport solutions in Romania compared to 2022. “Considering the growing interest in the local market […]

Siemens S.R.L., the local subsidiary of the world-renowned German technology group, has agreed to extend its existing lease with Genesis Property, thus securing its presence in West Gate Business District for the next five years. This significant contract extension underlines the importance and long-term benefits of the solid and sustainable collaboration with Genesis Property and serves as recognition by Siemens […]

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, announces that it has signed an agreement with eMAG, CEE’s ecommerce shopping destination, to set up its headquarters as a tenant in the state-of-the-art building Globalworth Square in Bucharest, one of the highest-ranked buildings in Globalworth`s portfolio. The newly signed deal […]

The franchise market continues its growth at an accelerated pace in 2023, given the high interest of Romanians in opening a franchise business. Thus, in the first quarter of the year, approximately 30% more franchises were opened in Romania than in the first quarter of 2022, according to Franchwise, the largest consulting company in the field of franchises in Romania. […]

Against the backdrop of high inflation, 75% of online retailers in Romania have as their main business objective the expansion of their product ranges, to meet consumer needs, satisfy customers’ desire for diversity, and increase sales, according to an analysis conducted by Limitless Agency, one of the largest digital marketing agencies in the local market. At the same time, to […]

A proposed European law that could require communications companies, including WhatsApp, Signal and Facebook Messenger, to scan the contents of private and encrypted messages for child abuse material is likely to be annulled by the European Court of Justice, according to the European Union’s (EU) own internal legal advice. The controversial EU law, known as “chat control”, will allow governments […]

MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million. The sale, achieved in record time since MetaWealth first launched across the […]

The European Investment Fund (EIF) has signed a €5 million loan to Patria Bank, a Romanian lender specialised in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, backed by InvestEU, will help strengthen Patria Bank’s capital position, thus facilitating further growth and development, with the ultimate goal of improving access to finance for […]