Contrary to Prime Minister Robert Fico’s cliams, the profit margin of the COOP Jednota retail chain does not reach 40 percent and retail chains are not responsible for price hikes in the sector, COOP deputy chairman Martin Katriak told the Sme daily in an article on December 4.
Food prices are on the increase around the world, Katriak said. The average trade margin is 20 percent. Trade margins that are higher than 40 percent only apply to goods that cannot be sold easily, he said.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
4. Dec 2007 at 14:00