Romanian e-commerce market ranks 3rd in Central and Eastern Europe

Romania ranks 3rd among EU Member States in Central and Eastern Europe in terms of e-commerce value, after Poland and the Czech Republic, according to the European Ecommerce 2024 report, cited by Bucharest Daily News.

According to the report, in 2023, the Romanian e-commerce market reached EUR 10.6 billion, representing 3.32% of GDP, up from 3.17% of GDP in the previous year. In addition, there is significant potential for expansion in the adoption of online shopping, with 50% of the population making at least one online purchase in 2023.

The report estimates that the Romanian e-commerce market will grow by 10% in 2024, reaching EUR 11.7 billion, equivalent to 3.42% of GDP. The percentage of the population that will shop online is expected to reach 55%.

SEE ALSO: Gumzzz, a Romanian startup, raised an investment of €100.000

- Advertisment -

Latest

First CODE7 store, a new premium sportswear concept on the Romanian market

The first CODE7 store opened in AFI Cotroceni Mall in Bucharest. Still, the brand’s expansion plans include locations within...

Trading activity in the office market slowed in the third quarter of this year

Trading activity in the office market slowed in the third quarter of this year, mirroring trends from 2021-2022. The...

Early Game Ventures Fund I invested in 28 startups, and made 4 exits

Between 2018 and 2022, Early Game Ventures Fund I invested in 28 startups. So far, it has made 4...