RIGA - In the first quarter of this year, retail trade demonstrated a leap worthy of a champion, which, against the modest macroeconomic indicators, looks particularly striking. Compared to the first quarter of 2014, sales volumes increased by 7.5%, and, compared to the fourth quarter, by 2.6%. The substantial annual rate of growth is to a great extent explained both by the low base last year – there were fewer purchases a year ago compared to after the introduction of the euro.
Yet the rise may have been determined also by other factors:
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