CEE Promising environment for luxury retailers

The CEE region has arguably been one of the most dynamically developing in the world, which has given birth to a growing middle class, as well as some ultra-wealthy. The rapid development is accompanied by a strong increase in aspirations for a Western standard of living, a trend that is particularly evident among consumers during business and tourist travels. According to Eurostat’s 2022 data on disposable income in the CEE-6, one needs an annual income between EUR 18,000 in Romania an