Category: Central and Eastern Europe E-Commerce

News and reports on the e-commerce market in Central and Eastern Europe.

GPeC 2019 Romanian E-Commerce Report: over 4.3 billion euro revenue, a 20% growth compared to 2018

According to the Romanian Online Shops Association’s (ARMO) estimations, the e-commerce sector exceeded the 4.3 billion euro threshold at the end of 2019, 20-22% more than in 2018 when the value of online commerce was estimated to an approximate 3.6 billion euro.

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Romanian eCommerce Market Report - GPeC 2018

In 2018, Romanians have made online purchases worth more than 3,5 billion EUR, a 30% increase YoY | The 2018 GPeC Romanian eCommerce Market Report

The entire Romanian retail market is estimated at 45 billion euros, which means that the e-commerce market (3.5+ billion euros) represents approx. 8% of total retail, rising significantly from 5,6% in 2017 and approx. 4% in 2016. The percentage is low compared to other developed countries, but shows the huge growth potential of the Romanian e-commerce market in the coming years.

Romania’s e-commerce market grew significantly in 2018 and reveals an increased appetite for online shopping, advancing other countries and becoming a very interesting market for foreign investors who have already begun their online business in .RO. Now is the best time for any entrepreneur or company to start an online business – the market is still permissive enough and the accelerated growth trend will continue in 2019 and the following years.

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E-commerce Market Report 2017: Romanians purchased online 2.8 billion euro worth of products (UPDATE with infographic)

According to figures and estimates of the main players in the Romanian e-commerce, together with GPeC (all sources are mentioned at the end of the report), the value of online shopping reached 2.8 billion euros in 2017, at least 40% more than in 2016 (when the total gross was of 1.8 to 2 billion euros). It means that Romanians spent an average of 7.67 million euros every day in 2017, for online shopping. The 2.8 billion euros refer strictly to e-tail, to physical (tangible) products that were ordered online and it doesn’t include services, utility bills, air tickets, holidays, hotel bookings, show tickets, downloadable content etc. If we added those, the total amount of online purchases would increase considerably. E-commerce share of total retail: 5.6% The increase of approx. 40% year over year, recorded by the Romanian e-commerce market, is one of the highest in the European Union. The value

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Online payments, up by 61% in the PayU system

PayU Romania, the online player operator, processed during April 2016-March 2017 period online transactions of over RON 1.9 billion, compared with the same period of the former fiscal year. In 2017, the biggest transaction was registered in January and reached over RON 107,000. The products from IT&C category are preferred by Romanians who buy online. Approximately 33 percent of the total value of online transactions was allocated to the products from this category.

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FAN Courier, the first Romanian courier service to accept card payments on delivery in multi-banking system

FAN Courier is the first Romanian courier service to accept card payments on delivery in multi-banking system. Starting this week, FAN Courier agents will offer all customers – individuals or companies – the option to pay for the transport using a card issued by one of the active banks in Romania. The return payment will soon start being delivered electronically.

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