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SERBIA: Import fees for milk and yoghurt introduced
The Serbian government has introduced variable levies on milk, cream and yoghurt imports. The import taxes vary from 10 Serbian Dinars (0.08 euros) to 30 Serbian Dinars (0.25 euros) per liter/kilogram a...
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Bingo to takeover local supermarket chain
Bosnian retailer Bingo is planning to take over several supermarkets formerly owned by Slovenia's Tuš, according to a statement by the Competition Council of Bosnia and Herzegovina. Tuzla-based Bingo pla...
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HUNGARY: Government approves food industry development strategy
Hungary’s government approved a mid- and long-term development strategy for the country’s food industry, which aims to raise the sector’s profit margin from break-even to 4-5% by 2020, Hungary’s Ministry of ...
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Food prices hit six year low amid falling cereal prices
Major food commodity prices declined again in May, hitting an almost six-year low as cereal prices fell substantially amid a favourable outlook for this year's harvests. The FAO (Food and Agriculture Organiz...
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Operating profit of European tobacco could improve over the next 12-18 months
Moody’s has published its outlook for European tobacco companies, which forecasts that operating profit could improve over the next 12-18 months to 4.0%-5.0% from 2.5%-3.5% in late 2014 (excluding foreign ex...
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Coop Italia completes acquisition
Coop Italia has completed its acquisition of 32 Superconti stores in central Italy. Coop Centro Italia, one of Coop Italia's cooperatives, and Superconti released a joint statement at the end of May outlinin...
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METRO Group trials Emmas Enkel shopping wall
Having acquired a minority stake in multi-channel start-up neighbourhood store and online food retailer Emmas Enkel in December last year, the e-grocer has opened a new shop in collaboration w...
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Rewe forms strategic alliance with Lerclerc
A year after forming new buying group, Core, with Colruyt, Conad, Coop (CH), Rewe will leave and set up a new alliance with Lerclerc. Originally the retailers formed the new Buying Group after splitting from...
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FRANCE: Government set to introduce plain cigarette packaging
The French government is set to introduce plain-packaging laws for all tobacco companies, as part of a crackdown on smoking. The move, which will come into effect from 2016, has been approved by France’...
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Rewe says ready for more deals after strong FY growth
Rewe has said it is ready to make new acquisitions, given its strong financial position. The comment by CEO Alain Caparros came after the group reported strong profit and sales growth for the last fiscal yea...
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