New Ecommerce Site Launches In Ukraine

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The biggest commercial bank in Ukraine, PrivatBank, has launched an ecommerce platform called PrivatMarket. PrivatMarket allows sellers to publish information about their company, products and services, and take part in applications and tenders. Buyers can post tenders and requests, and read reviews about sellers to help them make an informed choice before buying. PrivatMarket describes itself as having the biggest business directory in Ukraine. It will face stiff competition from more established ecommerce sites in the country, including Prom and Allbiz. The Ukrainian ecommerce market accounts for just 2% of total sales in the country and is worth an estimated 2.7 billion Euros. 

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