In the food industry,  large “complexes” have been broken up, especially in the meat industry. After 1989, the food industry experienced a decline due to a decrease in national purchasing power, a narrow domestic market for national products, increasing import competition and shortages of raw materials. The industry suffers from low productivity, increasing import competition and shortages of raw products, as well as from increasing energy costs and from lack of hard currencies, which hampered imports of necessary inputs. Nevertheless, the food industry has a high growth potential which could be fully utilized once the restructuring and privatization process has been completed and a new well performing management able to attract foreign investment is set in place.

Natural resources: petroleum, timber, natural gas, coal, ferrous and non-ferrous ores, salt, hydropower

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