Luxury Goods in Romania - New Study Released
Sales of luxury goods expanded in 2013, as a result of a rebounding consumption. As Romania gradually recovered from recession in 2011, consumers were still somewhat reluctant to spend a significant amount of money. However, luxury goods recorded a solid performance in 2013 due to a the fact such products that are rather new to Romanian consumers (eg luxury cigars, luxury travel goods, or fine wines/champagne and spirits grew at higher rates than other major categories). In contrast, luxury...
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