New Market Study Published: Lithuania Food & Drink Report 2013
Lithuanian consumers are still reeling from the housing bubble that burst more than three years ago and the sharp increase in structural unemployment. As a result, we expect private consumption growth to remain modest in 2013. Still, we see opportunities within the food retailing sector. Despite investment attractions such as a sound business environment, Lithuania has not attracted top-tier Western European retailers, which have preferred to channel their resources towards markets with significantly larger volume growth opportunities. Therefore, we expect...
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