BULGARIAN NEWS

The category of chocolate remains stable and almost the same as in 2013 in sales in volume and numbers, shows a presentation of Nielsen at a round table, organised by Progressive magazine. The sales in value grow, which is due to the increase in the demand for premium chocolate.According to the agency, the category is highly seasonal – in the winter period the demand grows...

Bulgaria loses the most revenue from cigarette contraband in the entire EU, shows a study of Industry Watch.As a relative budget revenue, Bulgaria's losses are three times higher than in Romania and Poland, 10 times higher than in Germany and around 16 times higher than in the Netherlands. This is caused by the fact that Bulgaria's budget is heavily relying on revenues from ...

A Greek company plans to invest in the construction of a tobacco processing factory in the southern Bulgarianmunicipalityof Kirkovo, according to Sali Ramadan, Mayor of Kirkovo.Ramadan, as cited by the Bulgarian Telegraph Agency, informed that the company had already signed a contract for the purchase of a plot of nearly 30 decares on the territory of...

The British Tesco supermarket chain closes two large stores in the Czech Republic soon. As the result of the closure of the Supermarkets inÚstí nad Labem and Prague, 102 people will lost their jobs – Tesco’s trade union federation announced in Prague.The closure of the Tesco stores in the Czech Republic was announced after the British company’s boss, Dawe Lewis...

At Podravka Management Board session a plan was presented to further strengthen business internationalization and form new market regions, the result of which is changed business reporting, effective as of 1 January 2015. This significantly reduces present level of markets complexity management, the goal of which is to use more effectively own size and knowledge, and providing...

The Hungarian arm of Austrian retailer Spar has denied press reports earlier this week that it was to close stores inHungary, but UK-based Tesco will not stop at shutting 13 stores inHungary, daily newspaper Magyar Nemzet reported.  Local business news site hvg.hu reported on Thursday that SPAR was planning to close 9 to 12 stores in Hungary. Spar’s communications...

French retailer Auchan is trialing a parcel shipping and delivery service through its hypermarket network. Customers will be able ship and collect parcels from pick-up points located in the retailer’s hypermarkets. The retailer offers the service at around half the rate offered by the local post office (example: EUR 12.5 for 10 kg). (www.kantarretailiq.com)

SABMiller reported a rise in third-quarter sales despite ongoing weakness in China due to poor weather last year. The maker of beers such as Peroni and Grolsch, and part owner of the top-selling beer in China, saw a 4 percent rise in revenue for the quarter which ended on Dec. 31. Volume, which measures the amount of drinks sold, fell 1 percent for lager and...

Unilever, whose detergents and deodorants are used by 2 billion consumers daily, said its financial performance in 2015 will be similar to last year amid weaker demand in emerging markets such as China. Underlying sales advanced 2.9 per cent last year, the London- and Rotterdam-based company said, the worst performance in more than a decade. Growth slowed to 2.1 per cent in the...