Industry Developments
United Arab Emirates
Dairy firms in the UAE and across the Gulf states are struggling with a shortage or fresh milk and are turning instead to skimmed milk powder as an alternative. This problem has been...
2008-08-19United Arab Emirates
Kazakhstan is set to be the latest recipient of the UAE's push to invest in farmland abroad, as the Gulf state's government has recently announced its plans to invest in agricultural...
2008-08-19Estonia
Estonia's leading brewer Saku Õlletehas will soon be fully taken over by Danish brewer Carlsberg, which already owns 92% of the firm. Saku's shareholders have endorsed the takeover,...
2008-08-18Romania
Real hypermarkets, operated by Germany's Metro Group, has announced plans to invest EUR260mn (US$405mn) to open 12 new hypermarkets in Romania by the end of 2009. Following the success...
2008-08-14Bulgaria
Schwarz Group run hypermarket operator Kaufland has announced that it will invest over EUR50mn (US$74.4mn) to expand its logistics site Rakovski, in southern Bulgaria, which will...
2008-08-13Croatia
The EBRD is poised to make another major investment in Serbia by providing a EUR70mn (US$109mn) loan to Idea, a subsidiary of Croatian food company Agrokor. Idea, which is already...
2008-08-12Lithuania
Lithuanian retailer Maxima has decided to suspend LTL130mn (US$58mn) worth of planned expansion investments, due to the economic slowdown currently hitting the local economy. Nevertheless,...
2008-08-11Russia
With leading Russian retailer Lenta soon to hold a sale tender, it appears that both America's Wal-Mart and France's Carrefour have finally found a means of gaining a foothold in...
2008-08-08
