The bulk of the profits are constantly reinvested in marketing, Csupor said in outlining company strategy.

Now in its tenth year, Vatera handles 850,000 auctions a month, on average, in which 330,000 deals are closed.

Vatera has become a major player on the e-commerce scene, with 1.54 million products up for auction, Csupor said, adding that the website is the ninth most visited in Hungary."

Source: Hungary Around the Clock

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