Romania features in the annual report of the German group Metro,the biggest player in Romanian trade, with over 2 billion euros inturnover, as one of the top three most problematic markets in theregion due to the decline of direct investments in the economy andof exports.
Under the circumstances, the Metro chain has seen its localsales down by 17.6% last year against 2008, to 1.23 billion euros,but the German company could continue to see a rise due to theexpansion of the Real hypermarket chain.
"The retail trade was unable to separate itself frommacroeconomic developments in Eastern Europe. Followingdouble-digit growth rates in 2008, the sector was on a steepdownward trend in most countries in 2009. Romania, Bulgaria andSlovakia were hit hardest," the Metro Group report reads.
In the same report, Romania features among the most affectedeconomies in the region by the global economic crisis.
"Although the steep currency devaluation lessened, the regioncontinued to suffer from declining direct investments andpersistently depressed export demand. Among the countries in whichMETRO Group operates, Hungary, Romania, Russia and Ukraine were hithardest."
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