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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Major Romanian online retailer CEL files for insolvency

One of the major Romanian online retailers, CEL.ro, filed for insolvency after its turnover plunged somehow unexpectedly last year and its losses deepened.

Corsar Online, the operator behind the online shop CEL, reported its revenues dwindled by 38% year-on-year to RON 127 mln (EUR 26 mln) last year - the year when the market was particularly favorable to the online electro-IT retailers like CEL.ro. The company’s losses quadrupled to RON 3.5 mln in 2020, though.

Ziarul Financiar daily reports that CEL.ro is currently declared as being under the management of Brand Design Team - a new company controlled (90%) by Tiberiu Pop - the owner of Corsar Online.

Brand Design’s revenues soared to RON 43 mln in 2020 (RON 0.24 mln in 2019), while its profit increased to RON 2 mln (RON 0.13 mln in 2019).

(Photo: Designer491/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Major Romanian online retailer CEL files for insolvency

One of the major Romanian online retailers, CEL.ro, filed for insolvency after its turnover plunged somehow unexpectedly last year and its losses deepened.

Corsar Online, the operator behind the online shop CEL, reported its revenues dwindled by 38% year-on-year to RON 127 mln (EUR 26 mln) last year - the year when the market was particularly favorable to the online electro-IT retailers like CEL.ro. The company’s losses quadrupled to RON 3.5 mln in 2020, though.

Ziarul Financiar daily reports that CEL.ro is currently declared as being under the management of Brand Design Team - a new company controlled (90%) by Tiberiu Pop - the owner of Corsar Online.

Brand Design’s revenues soared to RON 43 mln in 2020 (RON 0.24 mln in 2019), while its profit increased to RON 2 mln (RON 0.13 mln in 2019).

(Photo: Designer491/ Dreamstime)

andrei@romania-insider.com

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