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Government waives VAT on charitable food donations in Poland
Retail chains in Poland will not have to pay VAT on charitable food donations. The Finance Committee of the Polish Parliament amended the law on VAT, which is now exempt from donations made to charitable org...
Read MoreRUSSIA: Magnit announces 30% sales rise
Russian food retailer Magnit has announced a rise in sales by 30% in June, year-on-year, to stand at 47.5 billion roubles (940.2 million pounds), after a rise of 34.5 percent in May. Magnit, which recently o...
Read MoreHUNGARY: GfK consumer confidence index climbs in Q2
GfK Hungária's consumer confidence index rose 6 points to 160.8 in the second quarter, the market researcher said recently. The percentage of households who were optimistic about the short-term outlook for t...
Read MoreHUNGARY: Hungarian cosmetics and household chemicals market up in value, down in volume
Sales of household cosmetics and chemicals amounted to €323.4m during January-April 2013 in Hungary, 1% more than in the same period one year earlier, Nielsen reported. Sales by volume declined by 5% during ...
Read MorePOLAND: ITM (Intermarché) to spend EUR100 million a year on Polish expansion
ITM (Intermarché) plans to spend EUR100 million (USD130 million) a year on expansion in Poland. CEO Marek Feruga revealed the sum in an interview with portalspozywczy.pl. Pricing strategy will not affect the...
Read MoreMetro Group to increase investments in Russia
Metro Group plans to increase investments in Russia. CEO Olaf Koch made the comments at a business breakfast at the St Petersburg International Economic Forum. "We have been present in this market for more t...
Read MoreTURKEY has obtained the right to export dairy products to EU
Turkey has gained the right to export dairy products to the European Union once again after a period of 13 years, Agriculture Minister Mehdi Eker announced reports Hurriyet. “The EU’s Directorate Gener...
Read MoreARMENIA: Carrefour franchisee to finally open hypermarkets
French retailer Carrefour’s franchisee Majid Al-Futtaim is to open three hypermarkets in Armenia, retailstudio.org reports. The first 6,000 square metres (64,600 square feet) outlet is to be located in...
Read MoreRUSSIA: New discounter chain set for St. Petersburg
The former owners of the Lenta grocery network, Avgust Meyer and Dmitry Kostygin, are to develop a new grocery retail chain in St. Petersburg. Their company Big Box is ready to invest RUB 12bn ($386.2m) in t...
Read MoreLactalis to Buy Majority Stake in Ljubljana Dairy
French company Lactalis has agreed to acquire a majority stake in the Ljubljana-based dairy Ljubljanske mlekarne from five shareholders. Lactalis reached the deal to buy the 50.3% stake in Slo...
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