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February 2021 www.intellinews.com I Page 7
Serbia’s Delta aims to create Amazon of the Western Balkans
Serbia’s Delta Holding has announced plans to launch Ananas, a regional platform for online commerce. Initially targeting the Serbian market, Ananas will later be expanded to other markets of former Yugoslavia as well as Albania.
Delta’s main activity is real estate, but 2021 will mark “the company’s entry into a completely new business — online shopping,” it said in a press release. This will be part of its investment cycle over the coming years, amounting to around €500mn, with €100mn to be directed at the Ananas platform over the next five years.
The launch of the Ananas e-commerce platform is planned for the first half of 2021, and according to Delta “will be distinguished by an extremely large assortment of goods, cooperation with the largest suppliers, but also a completely new user experience”.
"With the financial strength and investment experience that Delta has, we are convinced that
Stock of Poland’s CD Projekt swings wildly in wake of GameStop battle
The shares of Poland’s gaming giant CD Projekt – the company behind Cyberpunk 2077 and The Witcher – soared by close to 50% earlier this week on the Warsaw Stock Exchange only to tank nearly 16% on January 29, its volatility a side
we can create a regional giant in online trade. Pineapple will offer customers something they are not used to in domestic trade, and which only the biggest global retailers like Amazon or AliExpress have. At the very beginning, we will cover the Serbian market, but with the intention of being present in the markets of the former Yugoslavia very soon, plus Albania,” said Marija Desivojevic Cvetkovic, Delta's vice president for strategy and development.
Delta also reported its results for 2020, when it achieved ebitda of €46.5mn, 7.5% more than the previous year, while revenues amounted to €511.2, down by 2.2% on the previous year.
"The increase in operating profit before taxes and depreciation, ebitda, confirms that the company is operating successfully, that is, that it had extremely good management in a situation that seriously shook the entire world economy," said Milka Vojvodic, Delta Holding’s vice president for economy and finance.
effect of the army of small investors in the US trying to hit short-selling hedge funds.
While the retail investors in the US – who banded together on Reddit – targeted stocks of