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€24B and Growing: CEE’s eCommerce Goes Global

by News Editor

April 14, 2025

Central and Eastern Europe (CEE) is no longer playing catch-up. Once seen as Europe’s digital underdog, the region is now making bold moves in online retail. With eCommerce growing by 12% in 2024 and on track to hit €124 billion, CEE has become one of the continent’s most compelling digital markets.

But behind the headline numbers lies a fierce battleground. As Chinese platforms like Temu, Shein, and AliExpress flood the market with ultra-low prices and speedy shipping, local retailers are forced to rethink everything—from pricing strategies to tech investments. The winners will be those who adapt fast, go cross-border, and build defensible brands. Everyone else risks being outpaced.

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Under Pressure: A Marketplace In Flux

CEE’s digital economy is thriving, powered by faster internet, smartphone-first habits, and a younger, digitally fluent population. But the game is changing fast.

Chinese players are rewriting the rules of engagement. Temu, for example, has seen a 200% spike in European users in just a year, luring consumers with rock-bottom prices and frictionless shipping. Shein, with its addictive fast-fashion model, has captured the Gen Z audience across the region.

For CEE retailers, it’s a wake-up call: price wars are unwinnable. The path forward lies in brand differentiation, curated offerings, and a better customer experience.

Cross-Border Commerce: From Trend To Lifeline

Domestic eCommerce remains strong—but the real growth story is international. According to the 2024 CEE Ecommerce Survey by Mediaposte Hit Mail, cross-border purchases are expected to surge by 15% this year, reaching a record €24 billion. Over 70% of European consumers are already shopping from international platforms.

Faster delivery networks, improved payment systems, and the appeal of global products are fuelling this trend. But cross-border selling isn’t plug-and-play. Legal red tape, taxes, translations, and customer service expectations vary by market. Merchants that master this complexity will unlock exponential growth.

Platform Or Independence? The Great Marketplace Dilemma

One major strategic question hangs over every CEE eCommerce player: Should you build your brand on marketplaces, or own your sales channels?

According to Mediaposte’s survey:

48% of merchants are active or planning to be active on marketplaces.
eMAG dominates in Romania, Bulgaria, and Hungary, with 50% of surveyed sellers using it.
Skroutz (Greece) and Amazon are key players offering regional reach.

Marketplaces offer reach, built-in traffic, and lower marketing overhead. But they also come with downsides: tight margins, limited brand control, and high competition. The smart play? A hybrid strategy—use marketplaces for scale, but invest in a standalone e-shop to build brand equity and customer loyalty.

Tech-Powered Retail: AI, Automation & What’s Next

As demand scales, so do operational challenges. That’s where technology steps in.

AI is helping merchants personalize shopping journeys, reduce cart abandonment, and automate follow-ups—solving a pain point that still costs retailers billions. Logistics automation, smart inventory tools, and integrated customer service are now standard requirements, not nice-to-haves.

Sustainability is also becoming a deciding factor for consumers. Nearly 73% of global shoppers, per Nielsen, now favor brands with eco-conscious practices. For CEE retailers, that means ethical sourcing, green packaging, and carbon-smart logistics are no longer optional—they’re expected.

The Winning Playbook For 2024

To thrive in the new era of CEE eCommerce, here’s what smart retailers are doing:

Move Fast – Don’t wait for the perfect system. Launch, learn, and iterate.
Go Global – Think beyond borders, optimize for compliance, and localize the experience.
Use Marketplaces, but Build Your Brand – Leverage their traffic, but don’t rely on them entirely.
Automate Everything – From warehousing to CX, automation is your scalability engine.
Think Green – Sustainability sells. Period.

CEE’s eCommerce Moment Is Now

The CEE region has stepped into the global eCommerce spotlight. Cross-border commerce is exploding, AI is rewriting retail operations, and sustainability is no longer just a buzzword—it’s a business imperative.

The race isn’t about who sells online. It’s about who adapts fast, scales smart, and builds for the long term. The question for CEE merchants isn’t whether to go digital. It’s how far—and how fast—they’re willing to go.

Because in this game, those who act now won’t just keep up—they’ll lead.

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Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM

November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.