retailers

New rules coming for retailers: Serbia prepares to ban hidden supplier charges

Serbia’s Minister of Internal and External Trade, Jagoda Lazarević, stated that all 29 retail chains in the country recorded a 9% increase in turnover in October compared to September, when the government’s margin-cap regulation came into effect. She noted that some foreign discount-oriented chains, which do not use off-rebates, saw turnover growth of 15%. According to Lazarević, the ministry is monitoring the situation closely and has identified elements within the retail system that will need to change. Lazarević pointed out…