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Croatia's retail trade expected to shrink in 2012 with possible price rise

ZAGREB, March 21 (Hina) - The expected continuation of the consumption decline in Croatia will certainly lead to a drop in retail sales and the retail sector can expect growth only in 2013, while retail price trends will depend more on the global market, particularly on energy prices, than on the Value Added Tax increase, according to forecasts from the Croatian Chamber of Commerce's department for the retail sector.

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