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Financial crisis


The financial crisis, that has spread across all global markets, does not remain without an impact on Central and Eastern Europe. PMR articles, news and market analyses, will be applicable to help you not only survive the crisis but become stronger when the global economy recovers.


Polish cosmetics market performing well during crisis

The year 2009 brought growth on the Polish cosmetics market despite the economic downturn, according to a report in Rzeczpospolita. By way of example, Ziaja, one of the largest Polish cosmetics producers, reported ... more »
2010-01-28
 

Decline in beer market continues in 2010

It is estimated that spending on beer will fall by 5% to PLN 20bn (€4.9bn) in Poland in 2010, according to Euromonitor. Demand for beer is also expected to continue to decline in 2011, when it is to reach PLN 19.7bn ... more »
2010-01-19
 

OP Prostejov fights to maintain profitability

The Czech clothing producer and retailer OP Prostejov plans to close one-third of its 100 stores in order to maintain the profitability of the business. According to Hospodarske Noviny, the company conducted ... more »
2010-01-19
 

Retail sales continued to plummet in Q3

The retail sales have plunged dramatically in Slovakia this year, seeing the worst performance in 15 years. The decline in retail sales in Q3 2009 has ranged between 5% and 25% on a year-on-year basis, depending on the ... more »
2009-12-10
 

Sales in December expected to grow slower than in 2008

Retailers expect December sales in 2009 to grow slower than in the same month in 2008 despite the boost expected from Christmas sales. In the past few years, the December retail sales grew by 50% yearly; this year, due ... more »
2009-12-10
 

Increase in Christmas spending expected in Poland

In 2009 Christmas spending is expected to increase by 1.6% year on year to around PLN 1,553 (€375) per household in Poland despite the global economic crisis, according to Rzeczpospolita. A recent report prepared ... more »
2009-11-26
 

Most Czechs not planning to cut back on Christmas spending

Although the financial crisis is expected to affect Christmas shopping, more than half of Czechs are planning to spend a similar amount of money for gifts as last year, according to a survey recently conducted by Deloitte. ... more »
2009-11-23
 

Revenues of shopping centres falling

The number of visitors to shopping centres has remained stable despite the economic crisis, according to Hospodarske Noviny, which surveyed several large shopping centres in the country. However, revenues generated ... more »
2009-10-29
 

R&C Union to search only for prime locations

R&C Union, the operator of the Fenix and Sioux restaurants, in addition to the Lizard King and Fever music clubs, expects to speed up its development by using money invested by Enterprise Investors, an investment ... more »
2009-10-01
 

Shoemaker Tisza Cipogyarto to be wound up

The Hungarian shoe producer Tisza Cipogyarto Termelo es Kereskedelmi is to be liquidated due to a dramatic decline in sales during the financial crisis, reported Napi Gazdasag. The company, which most recently ... more »
2009-09-03
 

Retail expected to grow by 4% in Poland in 2009

The value of the retail market in Poland is expected to grow by 4% to PLN 247bn (€59.2bn) in 2009, according to a recent Euromonitor International report quoted by Rzeczpospolita. Hypermarkets have been ... more »
2009-08-19
 

Beiersdorf successful on Czech market

The German producer of Nivea skincare products Beiersdorf reported net profits of nearly CZK 107m (€4.12m) for its operations in the Czech Republic in 2008, a year-on-year increase of 13%. Sales increased by ... more »
2009-08-19
 

Subway cuts prices

The fast-food chain Subway plans to introduce a range of less-expensive products as a means of attracting customers during the economic crisis. The company’s spokesperson confirmed that this decision has ... more »
2009-07-23
 

Arctic turnover down by 5%

Arctic Gaesti, a producer of home appliances and part of the Turkish group Arcelik, posted sales revenues of €213m for 2008, down 5% on the 2007 figure. The figure was largely influenced by the decline in sales over ... more »
2009-03-18
 

Emperia and Eurocash expected to hold fast on the Polish market

The largest Polish FMCG retail groups, Emperia Holding and Eurocash, expect to continue to develop despite the recession. Emperia, which generated sales revenues of PLN 5.3bn (€1.1bn) in 2008, plans to improve its ... more »
2009-03-18
 

More outlet centres to be opened in the Czech Republic

Despite the global financial crisis, outlet centres in the Czech Republic are still growing in popularity. Owing to the increasing number of customers, even more outlets will be launched this year, however, some of ... more »
2009-03-13
 
2009-10-15
 
2009-10-15
 
2009-10-15
 
2009-10-01
 

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PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.