Retail sales will not grow substantially this and the next year

The drop in retail sales may slow down for the end of the year, because of the base effects, but consumption is still not growing substantially, and due to next year's tax changes, revival cannot be expected in 2012 – said analysts polled by MTI.

The Central Statistical Office (KSH) reported on Wednesday, that retail turnover in July was 0.3 percent below the datas of the previous month, and compared to a year earlier decreased by 1.3 percent. The datas of the first seven months were 0.3 percent lower than in the same period in 2010 – writes MTI.