Croats set to spend EUR 1.5 bn during December - HGK

Croatia's citizens are likely to spend 11.5 billion kuna during December, which will be by 0.5 billion kuna more than last December, according to estimates made by Tomislava Ravlic of the Croatian Chamber of Commerce (HGK). 

Broken down by types of goods and products bought during the holiday spending and shopping sprees in December, the top products at this list are food, notably pork and turkey meat as well as smoked and cured meat, ingredients for homemade cakes and pies, beverages, toys, books, IT equipment, and Christmas decorations and ornaments, Ravlic said at a news conference in Zagreb on Sunday.

She called on Croatians to give a priority to domestic products and commodities explaining that only a five-percent increase in the purchase of Croatian products would have a positive effect on the national economy.

Another HGK official, Ema Culi, recalled that retail sales had been increasing for 14 months in a row. She said that optimism of consumers could be reflected in rebounding spending.
(EUR 1 = HRK 7.6)

Last update: Sun, 22/11/2015 - 14:17
Author: 

Related

More from Business

IMF raises China growth forecast, but warns of sharper slowdown

China's economy will expand by 6.5 per cent this year, the International Monetary Fund said on Monday, as it warned...

Trump's warning to German carmakers hits shares

Shares in German carmakers tumbled on Monday after incoming US president Donald Trump threatened the industry with...

Report: Ex-Volkswagen head knew about scandal two months before

Former Volkswagen chief executive Martin Winterkorn knew about the company's emissions scandal two months earlier...

Takata to pay 1-billion-dollar criminal fine over defective airbags

Beleaguered Japanese car-parts supplier Takata has agreed to pay a criminal penalty of 1 billion dollars, and three...

India's SpiceJet to buy 205 Boeing jets in 22-billion-dollar deal

Indian budget airline SpiceJet will purchase 205 planes worth 22 billion dollars from US manufacturer Boeing, one of...