Fast Market Research recommends "Slovakia Food & Drink Report Q1 2015" from Business Monitor International, now available
[USPRwire, Fri Jan 30 2015] We forecast Slovak real GDP to expand by 2.8% and 3.2% in 2015 and 2016 respectively, with domestic demand being the engine of growth. Slovakia's consumer price index (CPI) was in contraction for much of 2014 and falling oil prices mean that inflation will stay lower for longer into 2015. In contrast to some developed eurozone states, where falling prices and economic stagnation imply that deflation expectations could become entrenched and act as a major drag on growth potential, we see few risks of this pattern emerging in Slovakia. Instead, disinflation has supported consumption by contributing to rapidly rising real wages since mid-2013, a trend that has further to run in 2015. Rising real wage growth has coincided with accelerating consumer credit growth, rising consumer confidence and gradually improving labour market dynamics, which all bodes well for discretionary spending in the food and drink sector.
Iglo Group To Exit Slovakia: Following a review of its overseas sales, UK-based frozen foods business Iglo Group (whose core brands include: Iglo, Birds Eye and Findus) announced in December 2014 that it was withdrawing from Slovakia, Romania and Turkey. European Supermarket Magazine quoted the company saying that ''sales to these three countries are considered immaterial to the Group and so are not expected to have a significant impact on the overall financial performance of Iglo Group.''
Tesco Slovakia Expands And Refreshes Its Private-Label Ranges: Tesco Slovakia's Finest range will total 227 products from November 2014,...
The Slovakia Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.
BMI's Slovakia Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Slovakia.
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