Amazon, the world’s largest online retailer, is expanding the picpay marketplace in Belgrade to the Croatian town of Belgica.
The move is expected to create a new $1 billion online commerce marketplace in Croatia, which is not yet a fully functional marketplace.
The new rule would create an additional 50 jobs and a new market for businesses and individuals to sell goods and services through the picpasse marketplace, which already employs about 250 people.
It’s not clear how many businesses will benefit from the new rules, but they could be huge.
The picpass marketplaces already have a thriving ecommerce presence in Belgic, Serbia, Bosnia and Herzegovina, Macedonia, and Montenegro, where there are roughly 10 million people.
picpasses currently have more than 1 million customers, but the new rule could make them even more active, potentially leading to more business.
The announcement comes as the U.S. administration is under fire from some conservatives and consumer advocates for allowing the European Union to adopt the European Consumer Price Index.
The U.K. has already threatened to leave the EU if the European Commission doesn’t do something to rein in price increases in Europe.
picpay said it would be in compliance with the EU’s rules, and that it was open to the opportunity to join the new marketplace.
“The picpay marketplaces are a great opportunity for our customers and our customers are here to stay,” the company said in a statement.
“They are the backbone of our business, and we’re committed to working with them to ensure they are successful.”
The picwalks have been open since 2011 and have already grown to more than 4 million merchants, with about 1.7 million products sold per day.
The picpay team is hoping to have 100 percent online compliance by 2017.