Market Report, "Croatia Food & Drink Report Q3 2012", Published
Our consumer outlook for Croatia takes into account the difficult domestic and external economic situation which will be further compounded by the March 2012 increase in value added tax (VAT) to 25%. Nevertheless, we highlight that the weak state of the domestic economy will see to it that a more pronounced increase in the price level is not felt this year. Similarly, food and drink value is not expected to rise dramatically as consumers increasingly turn to cheaper private label...
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