Government Calling For Greater MGR Investment

March 2008 | Industry News

Latvia's Finance Minister is calling for greater investment in the country's mass grocery retail (MGR) sector to provide a much-needed boost to competition levels. Atis Slakteris has deemed the state of competition in the MGR sector 'pathetic', urging the government to look for ways to support the launch of a new chain for the benefit of both consumers and food and drink producers, who enjoy little bargaining power under the current levels of competition. Currently there are only two large chains operating in the country, with Lithuania's Maxima LT and Sweden's Rimi Baltic dominating the market. Although the government could

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