Serbia

Last week, the winners of the biggest competition for online sellers in the Adriatic region were announced. The main award, Best in Adriatic, went to Slovenian online store Malinca. In total, 242 online stores from Croatia, Slovenia and Serbia entered the competition.

The winners of the largest competition for online retailers in the Adriatic region were announced yesterday. In total, 361 online stores from Serbia, Slovenia and Croatia entered the competition. The Best Retailer was awarded to Slovenian Bigbang.

Apotekamo, the online pharmacy from Sweden, has raised 2.5 million euros in funding. The company will use the money for geographical expansion, marketing activities and the platform's logistics solution. The startup wants to become the leading pharmacy in Southeast Europe.

Foodpanda seems to be very hungry! After acquiring businesses in India and Mexico recently, it now takes over three food delivery startups in Central Eastern Europe. The online food ordering marketplace has acquired Donesi.com, Pauza.hr and Netpincer.hr. It's targeting market leadership across Central Eastern Europe.

The ecommerce industry in Serbia has shown some fantastic results as it grew 39% to 8.16 billion dinars, or 70.4 million euros last year. A downside to the story may be the fact the lion's share of all transactions went to non-Serbian online stores, as its inhabitants shop drastically more abroad than at local stores. Of the total number of 1.7 million transactions, 1.45 million took place on foreign websites.

The ecommerce market of Eastern Europe may be the smallest of the four European regions, it has seen in fact the biggest growth in terms of percentage. Because with an average growth rate of 35.7% over the year 2012, this ecommerce market was the strongest growing region in Europe that year.