Romania Retail Report Q4 2011 - 18% Sales Growth by 2015

The Q411 BMI Romania Retail report forecasts that the country's total retail sales will rise by 18% between 2011 and 2015, growing from a predicted RON20.70bn (US$8.26bn) in 2011 to a forecast RON24.48bn (US$9.77bn) by 2015. Continuing wage growth, the consumer lending boom and rising disposable income following the introduction of a new flat rate of income tax are key factors behind retail market expansion. Romania's privatisation process since 1990 and EU membership since in 2007 have ...

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