EASTERN EUROPE COSMETICS SALES GROW, WHILE UKRAINE MARKET SUFFERS BECAUSE OF POLITICAL AND ARMED CONFLICT
December 1st, 2014
While eastern Europe’s cosmetics sector seems in general to be emerging from its post-recession doldrums, the conflict in Ukraine has begun to significantly impact that country's cosmetics industry. Analysts warn that tit-for-tat sanctions with Russia and uncertainty over the annexed Crimea and the future of the contested east of the country is halting investment.According to Anastasija Goncharova, lead analyst at Euromonitor International, the trade balance for all goods and services between Russia and Ukraine was reduced significantly, by about 40% in value ...
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