BULGARIAN NEWS

  • LB Bulgaricum opens fifth store in Sofia

    LB Bulgaricum opens fifth store in Sofia

    The dairy producer LB Bulgaricum opened its fifth store in Sofia and seventh in the country. Sofia Mayor Yordanka Fandakova and the deputy economy minister Lyuben Petrov were present at the ceremony.From next year the company will offer several new products, developed by the science department of the company, aimed at healthier diet.“The Ministry of Economy will cooperate...

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  • Chicken meat contains 50% water, Food Agency says this is not dangerous

    Chicken meat contains 50% water, Food Agency says this is not dangerous

    The chicken meat sold in Bulgaria has 50% water and increased quantities of salt, claim experts, quoted by the Trud daily. Experts say this is proven by European laboratories. The increased content of water is caused by the wish of the producers to increase the weight and the price. According to the experts, only foreign laboratories could show the exact water content in the...

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CEE NEWS

  • RUSSIA: Carlsberg announces closure of two breweries

    The Carlsberg Group has decided to close two of its 10 breweries in Russia, following last year’s suspension of production at two of its Russian breweries. The Group has evaluated its Russian production structure and will close two breweries in Chelyabinsk (Baltika-Chelyabinsk) and Krasnoyarsk (Baltika-Pikra).The sales and distribution organisations will be maintained in the...

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  • RUSSIA: Magnit plans "aggressive" 2015 store opening amid Russian crisis

    RUSSIA: Magnit plans

    PJSC Magnit, Russia’s largest retailer, plans to strengthen its market position by accelerating store openings just as the country’s economy enters a recession. “We’ll have our most aggressive opening plan this year,” billionaire Chief Executive Officer Sergey Galitskiy said on a conference call. The company plans to spend 65 billion rubles ($960...

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INTERNATIONAL NEWS

  • UK: Nielsen acquires Brandbank

    UK: Nielsen acquires Brandbank

    Nielsen has announced that it has acquired Brandbank, a company which specialises in the process of digitally collecting, managing and distributing FMCG product and brand image content for retail syndication across in-store, print promotional and e-commerce platforms. “This acquisition marks an exciting advance in our company’s digital evolution,” explained...

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  • US: P&G profit falls 31% as stronger dollar hurts sales abroad

    US: P&G profit falls 31% as stronger dollar hurts sales abroad

    Procter & Gamble Co., the world’s largest consumer-products maker, said second-quarter profit fell 31 percent as the stronger dollar ate away at sales and earnings from its international units. Net income dropped to $2.37 billion, or 82 cents a share, from $3.43 billion, or $1.18, a year earlier, Cincinnati-based P&G said in a statement. Chief Executive Officer...

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  • BELGIUM: Delhaize reports surge in Q4 growth

    BELGIUM: Delhaize reports surge in Q4 growth

    Delhaize has ended its fiscal year on a better-than-expected note, reporting strong gains for its fourth quarter, prompting CEO Frans Muller to remark that its new strategy had “resonated” with consumers. For the quarter, revenues rose by 11.4% to €5.8bn (+6.3% on a constant-currency basis), while calendar-adjusted revenue was up 6.4% (+1.3%...

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