Market Report, "Luxury Goods in Romania", Published
After two consecutive market contractions in 2009 and 2010, the 2012 luxury goods value market continued the evolution began in 2011. Even if the Romanian economy is no longer in recession, the effects of the financial crisis are not to disappear quickly. Hence, the main justification behind the relatively slight value market growth rate in 2012 is consumers' reluctance to spend. Furthermore, across the review period, some products experienced high increases in the price of their raw materials...
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