evoMag

evoMAG will no longer acquire a majority stake in Elefant.ro, a deal that was announced six months ago. Elefant Online S.A. has informed investors about the decision of the shareholders to cancel the transaction in which Evolution Prest…

Elefant.ro announces major changes in its shareholding. EvoMag, with the help of Catalyst Romania Fund II, becomes the majority shareholder in Elefant Online SA, after taking over the stake held by Fribourg Investments. Elefant.ro is one…

evoMAG attracts a 2-million-euro investment from Catalyst Romania, one of the most important venture capital funds in the region, in an effort to support the accelerated development of the company. The attracted investment is the first…

evoMAG extends its portfolio with a new category of products and services - insurance, planning to sell 10,000 policies in one year, as a press release informs. For the begining, evoMAG offers RCA insurance policies to customers and, in the…

80 percent of the Romanians intend to buy discounted products on Black Friday this year, reveals a recent study commissioned by one of the domestic retailers. The iVox survey commissioned by evoMAG also says that the sums of money allotted…

About 6.8 million Romanians have shopped online in 2016, the Association of Romanian Online Stores (ARMO) informs in a press release. Romania is an important emerging market in eCommerce sector, posting an increase of 24.2 percent in…

Local IT retailer evoMAG opens new headquarters, as well as a new showroom on Splaiul Unirii in Bucharest and also doubles the warehouse capacity, a press release informs on Tuesday. This comes following the company's sales growth and at…

The Black Friday concept, a day on which electronics’ retailers launch unbeatable discounts, becomes less and less functional in Romania. After the first experience which proved to be a successful one, Black Friday has been organized…