The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Wednesday, 16 February 2011

In 2010, the online IT&C market recorded 60% growth

Romanian IT&C online retailer eMag Wednesday said its sales rose 60% year-on-year in 2010, to EUR102 million, due to attracting new corporate clients, a larger product range and better organization processes.

For 2011, the online store estimates sales of EUR150 million.

"Online retail will represent 20% of the total IT&C market in Romania on the segments we operate, and we will actively contribute to achieving this figure," eMag general manager Iulian Stanciu said in a statement.

In 2010, the online IT&C market recorded sales of EUR145 million, up around 60% on the year. According to the company, eMag had a 70% share in 2010.

Source: http://www.mediafax.ro/english/romanian-online-retailer-emag-10-sales-up-60-to-eur102m-7989369/

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