News of the week: lower VAT, the intelligent bag, how to shop in the EU

E-commerce generic shopping bagHere are the most important 5 news pieces about e-commerce from the last 7 days.

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Lower VAT for online shops

TVAOne of the most important changes that the new Fiscal Code brings, starting January 1st 2016, is the reduction of VTA to 20%. Sellers are obliged to start the necessary procedures to update the software and the accounting applications and they have 3 months to put all things in order.

Details, at Avocatnet


The intelligent bag

EbagseBags, the international online retailer, plans to sell luggage that tracks items packed inside, and already has expanded international sales. Executives are opening their own wallets and betting big on themselves after the company’s largest investor decided to cash out. They’re also betting that luggage with advanced technology will help the web-only retailer significantly boost its sales.

Read the whole story at Internet Retailer


How to shop in the EU

ECC RoEuropean Consumer Centre Romania (ECC Romania) offers some advice about the cross-border shopping, taking the buying of a smartphone as an example. ECC Romania recommends that, before the customer places the order, he or she should try to learn more about the seller: the full name of the company, the address, the phone number, the e-mail address etc.

Read the advice on the ECC Romania blog


Romanians like fakes

AlibabaAlibaba.com, eMAG and Okazii.ro are the most important online shops visited by Romanians, according to a survey undertaken by Gemius Romania in September 2015. It is surprising to find Alibaba on the first position, as this is a Chinese website specialised on selling fakes. The explanation could be the fact that some Romanian sellers buy bulk products from Alibaba, in order to resell them.

The entire article, at Refresh.ro


Nike aims high

NokiaNike currently makes just over a billion dollars annually through its e-commerce channels and expects upcoming investments over the next four yeas to push it to $7bn. There’s going to be four billion people with a mobile device and disposable income in an area where there is a Nike store by 2020, according to the business.

Details, at Business Insider