The Romanian company Color Smart Distribution, the only importer and distributor in Romania and the Republic of Moldova of the premium brands Novacolor and Pittsburgh Paints, has budgeted in 2022 an investment of over 500,000 euro, for expansion. In addition, the company allocates 3-5% of its annual revenues for sales support materials, and a significant part of the budget goes […]

GEFCO has created an innovative road-rail solution to save Toyota Motor Europe in CO2 emissions. Drawing on GEFCO’s multimodal logistics expertise, this service transports automotive parts in reusable containers from Spain to the north of France in two daily return journeys. Compared with the previous road-only transportation, this solution enables Toyota to significantly reduce its carbon footprint. This latest logistics […]

BLIK, a modern mobile payment system that was launched with the support of all major banks in Poland in 2015, is currently the most popular way to pay in this country. 21 million users of mobile banking applications in Poland already have access to BLIK, and over 10 million people use it regularly for payments. BLIK’s founders are now looking […]

Revolut, the global financial superapp with over 18 million customers worldwide, is offering payment services to all refugees, regardless of nationality, fleeing Ukraine following the Russian invasion. To ensure individuals displaced by the invasion have quick and easy access to their money, Revolut has eased many of the requirements needed to set up an account as well as a number […]

Transforms productivity from the bottom up on a cloud-based collaborative platform. Getting a complex product to market can be like going on a road trip. You have your destination set, an itinerary to follow, and supplies to last you the journey. You head off with high expectations, except it’s never that simple. Invariably, unexpected things happen, pre-existing plans get thrown […]

Provident Financial Romania, part of the International Personal Finance (IPF) group, the largest home credit business in Europe, has chosen DRUID technology to enable instant access to business and HR data with the aim of facilitating a boost in employee engagement and efficiency. Thus, the company has implemented EMA, a customized AI virtual assistant built to harness the full power […]

Online clothes shopping has never been more in vogue, and the MySizeID app can help consumers find the right fit — across brands and size charts — conveniently and privately. MySizeID uses a patented algorithm to take measurements using the technology already available in mobile phones without accessing the camera. “There are no pictures taken. It is completely private,” said […]

The value of remittances to Romania in 2021 reached EUR 316 million, an increase of 79% compared to 2020, as shown by data provided by Revolut app with 18 million customers globally, of which over 1.5 million in Romania. At the same time, the number of remittances generated by Revolut customers to Romania increased by 84% in 2021 compared to […]

Public Country-by-Country reporting (CbCR)  is officialised with the publication of Directive (EU) 2021/2101, amending Directive 2013/34/EU on reporting of income tax information by certain undertakings and branches. In an effort to curb tax avoidance and enhance tax transparency, public CbCR reporting will require both EU and non-EU headquartered multinational groups with a consolidated annual turnover over €750m to publicly report […]

After successful partnerships in Italy and Poland, Carrefour is extending its commercial agreement with Everli, Europe’s leading e-grocery marketplace, to France to enrich its home delivery service. The partnership will make Carrefour hypermarkets and supermarkets available on Everli. The partnership deepens the relationship of the two companies in markets where Everli already operates, and it will also extend to cover […]

The oil and gas sector today stands at a turning point. While global leaders, activists and the world’s brightest minds look for net zero alternatives, the solution to meet this target and the energy demands of tomorrow can be found in the digitization of the industry. As the world transitions to a low-carbon future, energy companies are looking to implement […]

Groupama, one of the market leaders in the Romanian insurance market, is expanding how it interacts with clients by launching a virtual assistant that is always available on the company’s website. Amelie is based on DRUID’s conversational technology and responds instantly to inquiries from Groupama customers and guests at any time of day. The Amelie virtual assistant can provide relevant […]