31/05/2021 13:12
Romania became, last year, the leader of the European Union in terms of the growth rate of electronic commerce, and the value of this market reached 5.6 billion euros, according to data published on Monday by representatives of a European fintech, agerpres reports.
The report drawn up by ZEN.com shows that, although most Romanians prefer to order from domestic e-shops, many are attracted by cross-border platforms, due to low prices and good offers. Currently, Romanians who buy goods from outside the EU with a declared value of up to 10 euros online do not pay VAT for the purchase. For goods with a declared value between 10 and 150 euros, buyers do not pay customs duties, but pay VAT. The current cross-border online commerce regulation would have led to a significant loss in revenues and a severe impact on the budgets of the EU and its Member States, by giving non-EU traders an unfair competitive advantage, the company notes.
According to a TechCrunch report, Delhivery disclosed the finding in its latest regulatory filing that has been led by US-headquartered investment firm Fidelity. Othe
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Dibsy raises $300,000
Source: Dibsy With the funding, Dibsy will invest in new hires and business development to grow its market share in Qatar. The company will also broaden its scope to offer more services around its payment solutions.
Businesses in Qatar will be able to accept payments with a quick click, whether they have an online storefront or not. Dibsy will change the region s payments landscape.
As the country embraces digital transformation, the demand for quick, easy , and online payments is rising. Dibsy has set out to fuel the growth of digital payments, enabling both online and offline businesses to accept multiple forms of payments in one place.
University of California researchers identify genes that protect plants from drying out, and US Trade Representative Katherine Tai challenges Canada s dairy tariff-rate quotas under USMCA.