Market Report, "Wine in Serbia", Published
After declining consistently between 2009 and 2011 due to unfavourable economic conditions, total wine volume sales grew by 2% in 2012. This recovery was partly due to modest improvements in consumer confidence about the short to medium term outlook for the Serbian economy. At the same time, total wine volume sales were bolstered by rising demand for cheaper brands from domestic wineries and producers in other CEFTA (Central European Free Trade Agreement) countries, particularly Macedonia and...
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