Swedish food retailers unfazed by lower tax in Norway

Article Abstract:

Tax cuts pose a potential threat to Swedish food retailers along the Norwegian border who benefit from cross-border trade due to high food prices in Norway, but few express serious concern. The competition between the nations grew partly out of Sweden's decision to join the European Union. Norway has a 23 percent tax on food, compared to a 12 percent tax in Sweden, cut from 21 percent a few years ago. Dropping Norwegian food prices to Swedish levels would nevertheless require not merely a tax cut but a revamping of agricultural policy because meat is 40 percent more expensive in Norway than Sweden.

United States, Product introduction, Europe, Taxation, Grocery industry, Grocery stores, Sweden, Norway, European Union

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Rise in Russian food output masks continuing problems

Article Abstract:

The Russian food industry output of white sugar increased by 430% in the first quarter of 1998 to 946,000 tonnes, while output of vodka increased by 43% to 17.6 million decaliters. The figures disguise an underlying trend of falling output of vegetable oil and meat products. Industry output increased by 11.2% in the first quarter of 1998. The Russian government claim 28% of all foreign investment has gone towards the food industry, with the food and processing industries accounting for $2 billion.

Russia

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