EUR120m targeted at Romanian retail expansion

27 Mar 2012

Currently the company has eight stores, remedy in the short term this investment will take it to eleven and eventually it aims to have 25.

Romania is still somewhat behind other CEE states in retail penetration which Cora here clearly hopes to exploit.

Ukraine lowers base rate

27 Mar 20120

Ukraine has cut its base interest rate by 0.25 percent to 7.5 percent, the first cut since August 2010. Continue reading

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Tesco will increase private label offering in Central Europe

27 Mar 20120

Tesco has announced that a new campaign, to feature throughout Central Europe, calling itself Tesco Value will aim to meet the hard discounters head on, suggesting...

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US consumers less interested in environmentally friendly packaging than Europeans

27 Mar 20120

Research conducted by Perception Research Services has shown that US consumers are much less interested in choosing environmentally-friendly packaging than their European counterparts, despite much stronger...

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Unilever may acquire Croatian ice cream manufacturer

27 Mar 20120

Ledo, a Croatian producer of ice cream and other frozen products may about to be taken over by Unilever. Currently the company is partially owned...

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APP’s double default on creditors : European, Japanese taxpayers unwittingly underwrite continued forest destruction

27 Mar 20120

Asia Pulp & Paper (APP) has been accused of a “double default” on international creditors, after an investigation revealed that the company has decimated tropical forests...

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