Wednesday, 20 February 2013

Lithuania Food and Drink Market Report 2013


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Lithuania Food and Drink Report 2013
Feb 6th 2013, 00:00

Lithuanian consumers are still reeling from the housing bubble that burst more than three years ago andthe sharp increase in structural unemployment. As a result, we expect private consumption growth toremain modest in 2013. Still, we see opportunities within the food retailing sector. Despite investmentattractions such as a sound business environment, Lithuania has not attracted top-tier Western Europeanretailers, which have preferred to channel their resources towards markets with significantly largervolume growth opportunities. Therefore, we expect Baltic region retailers, led by Maxima LT, to continueleading the industry''s development. Second-tier Russian retaile...

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