Hypermarkets boom in ex-communist bloc

Published: 20 January 2004 y., Tuesday
The former communist states set to join the European Union in four months are embracing the West in wholehearted fashion — flexing their new market economy muscles in their own shopping centers and hypermarkets. The spatious well-lit stores chock full of food and merchandise are cropping up behind the old Iron Curtain, gleaming like jewels against the unadorned, grey, utilitarian architecture built for the old proletariat. Mass marketing - both the availabiity of goods and the buying power that makes one a full-fledged consumer - are still novel concepts in the former Soviet satellite states. "The people were frustrated by the lack of choice and the shortages under communism," said Tomas Krasny, director general of Incoma, a Czech marketing firm. "They now crave abundance." Thanks to very liberal laws, the hypermarkets generally remain open every day, some even 24 hours a day, even in Roman Catholic Poland where church tradition still upholds Sunday as the day of rest.
Šaltinis: bday.co.za
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EBRD funds strategic motorway in Serbia

The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X. more »

IMF Completes First Review Under Stand-By Arrangement with Romania

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA). more »

IMF Executive Board Approves US$21.5 Million PRGF Arrangement for the Union of the Comoros

The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros. more »

IMF Executive Board Completes Second Review Under Stand-By Arrangement with Mongolia

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA). more »

Parex banka establishes subsidiary for real estate management

Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business. more »

Prime Minister Andrius Kubilius: a more intensive dialogue between the EU and Belarus is a chance for all of us

In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe... more »

Verizon Business SMB Solutions Team Advances Collaboration Capabilities for Juvenile Diabetes Research Foundation

JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents. more »

AB Bank SNORAS group acquired “Finasta” group

On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”. more »

Bernanke: recession likely over

Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time. more »

European economy recovering sooner than expected

Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading. more »