Iulian Stanciu will remain involved in shaping the development strategy, as well as in analyzing, prioritizing and approving investments and budgets, alongside the new CEO.
“The investments to be carried out in the next three years will help us offer our clients a wider range of products and lower prices, speedy delivery and a simplified payment process. We also aim to use the infrastructure we are building to help local entrepreneurs to switch to online easier, by transferring some of our expertise,” said eMAG CEO Tudor Manea.
Iulian Stanciu said that out of RON3.2 billion budgeted for investments in the next three years, RON785 million will go into international development, RON447 million will be used to develop Romanian technology, RON251 million will be used to develop digital entrepreneurship via the Marketplace platform, RON990 million will be earmarked for the development of logistical services and RON740 million will go into investments in other companies.
In the next three years, eMAG Group will consolidate its presence in the region through investments amounting to RON785 million. In Hungary, where the retailer had merged with Extreme Digital two years ago, the aim is to reach sales of EUR1 billion in the next five years. In Bulgaria, eMAG will continue to extend its physical presence, after inaugurating its first showroom in Sofia, in 2020, and will focus on developing and improving its services, to the benefits of clients.
eMAG Marketplace, which is expected to reach 45,000 Romanian sellers in the next three years, from 25,000 on the platform at present, will benefit from a capital infusion of RON251 million. In 2020, the volume of sales reported by Romanian sellers on eMAG Marketplace grew over 90% versus 2019, reaching 25 million products.