Croatian companies slow to adjust prices, impacting customer relationships and competition.
The study looked at how often Croatian companies change their prices compared to companies in the eurozone. Croatian companies tend to change prices less often than eurozone companies. Prices are more likely to go down when demand drops, and more likely to go up when costs increase. Companies in Croatia focus on long-term relationships with customers and stable prices. Factors like increased demand and higher costs drive price increases, while changes in trading conditions lead to price decreases.