Eastern Europe

The war in Ukraine has impacted grocery retailing in Georgia with inflation contributing to price increases across the category. Georgia’s growing consumer base in 2022 has added further impetus to retail value growth. Georgia has been a popular…

The report examines the economic landscape of Georgia and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Georgia expanded in real terms in 2022, driven by increasing private…

Although value sales through direct selling are low in Georgia, they showed a slight increase in 2022. There is a shift away from this channel due to growing competition from online players, which provide a greater assortment of products and the…

Inflation has had an impact on consumer behaviour, leading them to become more cautious about their spending, with essential goods taking priority during 2022. Moreover, discounters serve as a major driver of retail offline, thanks to their best…

The War in Ukraine had a strong impact on Latvia in 2022, creating conditions for high inflation and economic and political uncertainty. This, in turn, affected consumer priorities and spending patterns in retail arenas. Meanwhile, retail in Latvia…

Due to the increasing number of online retailers and brands, a continually expanding network of lockers in the country, a variety of delivery methods, secure and convenient payment systems, and a growing pool of customers, retail e-commerce continued…

As in other markets, retail in Latvia continued to see the increased adoption of e-commerce at the end of the review period. While visible prior to the onset of Coronavirus (COVID-19), the pandemic accelerated the global shift towards online…

Lithuania implemented strict lockdown measures until the spring of 2022, which meant that only essential stores were open for consumers. However, as summer arrived, there was a noticeable increase in traffic to offline stores, indicating a growing…

Consumers continued to move back offline in terms of non-grocery retailers. As the threat of the Coronavirus (COVID-19) pandemic and related retail and consumer movement restrictions eased, consumers were more willing and able to return to visiting…

The war in Ukraine has had a profound impact on grocery retailers in Lithuania during 2022. As a result of the conflict, grocery prices have increased significantly, and the consumer base has grown due to refugees from Ukraine. This has led to an…

Grocery retailers saw strong current value growth in 2022. As the situation stabilised with the reduced threat of Coronavirus (COVID-19), smaller formats like food/drink/tobacco specialists, small local grocers and convenience stores also started to…

Before the pandemic, direct selling vendors were making efforts to improve their digital presence by providing both social media communication and e-commerce services in order to meet the demands of their customers and remain relevant. This shift to…

Health and beauty direct selling continued to dominate retail value sales in 2022, especially through beauty and personal care products. Traditionally, direct selling in Latvia is a well-known channel for beauty products. Moreover, health and beauty…

The report examines economic landscape of Croatia and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Croatia expanded in real terms in 2022, driven by increasing private…

The report examines economic landscape of Bosnia and Herzegovina and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Bosnia and Herzegovina expanded in real terms in 2022, driven by…

The report examines the economic landscape of Slovenia and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Slovenia expanded in real terms in 2022, driven by increasing private…

Economic growth in Poland slowed down in real terms in 2022 compared to the previous year, although remained stronger than anticipated. Over the year, economic expansion was supported by elevated private consumption, solid external demand and…

The report examines the economic landscape of Serbia and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Serbia expanded in real terms in 2022, driven by increasing private…

The report examines the economic landscape of Lithuania and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Lithuania expanded in real terms in 2022, driven by increasing private…

The report examines the economic landscape of Slovakia and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Slovakia grew in real terms in 2022, driven by rising private spending,…