Finances

Romanian cosmetics producer Farmec posts a 46% increase in sales for its online platform for 2019

Farmec, the biggest Romanian cosmetics producer, keeps developing its e-commerce segment and posted an accelerated increase of revenues for its online store, www.farmec.ro. In 2019, Farmec’s online sales increased by over 46%, compared to…

OTP Asset Management launches „Outlook 2020”, the analysis of the economic evolution of the Romanian market in the international context

OTP Asset Management Romania launches the market analysis “Outlook 2020”, at its IV edition, presenting the global and local economic retrospective for 2019 and the portfolio managers’ expectations regarding the investment opportunities and…

Impact Hub Bucharest attracts a new partner and a €2M investment from Autonom

Impact Hub Bucharest, organization supporting Romanian entrepreneurs and innovators with coworking spaces, team offices, events and acceleration programs, finishes the process to redefine its development strategy started during the summer with taking over…

GapMinder makes a follow-on investment in FintechOS which raises USD 14m in total

FintechOS, has announced that it has raised a USD 14M Series A round to continue its hyper accelerated growth and further development of the platform. The financing was been led by the Digital…

New Creative Agency 2050 Champions the Hard Work of Migrants in New Campaign for Azimo money transfer service

Creative agency 2050 & Azimo are drawing attention to the hard work of migrants in Europe in new Pan-European brand campaign. Azimo, which means ‘support’ in Swahilli, is a digital global money transfer…

Salaries in Romanian ad industry – up 3% in 2019, according to UAPR’s Salary Survey

Romanian ad industry is on the raise and that is reflected also in the net salaries of its employees, which grew on average by 3% in 2019, compared to 2018. This is the…

OTP Bank Romania launches the Rocket Loan for SMEs, with 100% online application

OTP Bank Romania launches the first platform dedicated to clients that are Small and Medium Enterprises (SME) – Rocket Loan. Entrepreneurs who want to obtain one of the financing products on this platform…

GfK: Europeans spend €14,739 per person in 2019

Europeans have an average of €14,739 per person available for spending and saving in 2019. But disposable net income among the 42 studied countries varies significantly: Liechtenstein, Switzerland and Luxembourg have the highest…

Mastercard and DPD, extended partnership on Romanian market to encourage card payments at delivery

Mastercard and DPD launched a partnership aimed to encourage the direct card payments for the delivery of goods bought online. The solution, launched in 2016, aims to become a safe and secure payment…

Revolut partners with Visa as main card issuer to accelerate global expansion

Visa and Revolut, the leading fintech in Europe, today announced a new agreement that will help Revolut expand its business globally. Leveraging Visa’s brand, scale and global acceptance footprint, Revolut will be able…

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