New Market Report: Grocery Retailers in Finland
Grocery retailers experienced above 2% value growth and reached EUR17.2 billion in 2013. The value growth clearly slowed down when compared to the previous year when healthy 5% growth was reached. This was due to the fact that the Finns were facing higher unemployment rates and limited spending. It should be pointed out that growth in 2013 came also from the increased unit prices as the general VAT was increased from 23% to 24% and VAT for groceries grew from...
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