Category: Central and Eastern Europe E-Commerce

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.

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.

The European Commission (“EC”) announced on 2nd February 2017 that it launched 3 investigations with respect to certain anticompetitive practices in the e-commerce sector, says Lexology. The Romanian Competition Council launched a sector inquiry in the online segment following the EC practice. This was initially set to target the online sales of electronics and fashion products and, apparently, was extended to the majority online sold products.

The capital of Romania is still looking to improve in terms of becoming an attractive start-up hub. Bucharest offers low costs, a good talent pool, and some acceleration programs. But VC funding is scarce, and mentoring is not available, says Venturebeat.com.