International DIY retailers cautious about 2010 prospects in CEE - August 2010

Since the mid-nineties and until the first half of 2008, Poland, the Czech Republic, Slovakia, Hungary and Romania were investor heavens for international DIY retail chains. Rapid GDP growth, along with substantial demand for new products, expanding construction markets, relatively inexpensive labour forces and low property prices made these five countries attractive destinations for large gardening and home improvement retailers.

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