Search Results for: Greek
10 results out of 335 results found for 'Greek'.
COURT FINALISES TAKEOVER DEAL OF GREEK COLD CUTS PRODUCER CRETA FARMS
The takeover of troubled Greek cold cuts producer Creta Farms has been approved by a court, with Dutch-Bulgarian investment trust Impala Invest Group, which already runs food manufacturers in Bulgaria, to gain ownership.
A court of first instance in the Cretan city of Rethymno has formally approved a restructuring plan filed at the court by the new owner, which had been previously approved by the Greek banks and includes debt haircut of 64.12%.…
NOVARTIS AND SUBSIDIARIES HIT BY MAJOR US FINES OVER CORRUPTION
Swiss pharmaceuticals giant, Novartis AG, plus a former subsidiary Alcon Pte and its current Greek wing, are together to pay out USD345.9 million in fines to American regulators because of corrupt practices. The penalties follow admissions that staff bribed public and private healthcare providers in Greece and Vietnam to choose Novartis products in breach of the United States Foreign Corrupt Practices Act (FCPA).…
KENYA’S GROWING MIDDLE CLASS IS EXPANDING DAIRY MARKET WITHIN EAST AFRICA’S ECONOMIC POWERHOUSE
IT is fair to say that cheese and other processed dairy products have not traditionally played a key role in tickling the Kenyan collective palate, but that was yesterday. Now, as the country, east Africa’s economic dynamo, grows a middle class interested in consumer consumption, there has been exponential growing demand for dairy products of all kinds.…
EU AND WTO REGULATORY ROUNDUP – BRUSSELS LOOKS TO FOOD AND DRINK FREE TRADE IN FINAL STATUS DEAL WITH UK
THE EUROPEAN Union (EU) has set out plans for a future trading relationship with the UK after the current transitional period, where Britain follows EU rules, expires on December 31 – it includes unfettered free trade in food and drink products, without tariffs and without restrictive quotas.…
CRETA FARM TAKEOVER DEAL IS CLOSE, SAY OFFICIALS CLOSE TO NEGOTIATIONS
The Netherlands-based investment trust, Impala Invest BV, has reached an agreement with creditors banks and will take over troubled Greek pigmeat, turkey, cheese and other deli product manufacturer Creta Farms, according to sources close to a planned deal. While company representatives have yet to release a formal statement on the plans, because Crete-based Creta Farms operates under temporary administration appointed from a court of first instance, the final approval of the deal is expected to be announced in the next few days.…
INTERNATIONAL REGULATORY ROUND-UP – MEPs LOSE PATIENCE OVER BEE PROTECTION AS EUROPEAN HONEY PRODUCTION CONTINUES TO SUFFER
THE EUROPEAN Parliament has called for a more robust approach to defend European honey production, as bee numbers continue to fall. In a motion supported almost unanimously, the EP’s environment committee has called for the European Union (EU) Common Agricultural Policy (CAP) – which is now under review – to include active steps on reducing pesticide use, which MEPs blame for honey bee deaths.…
INTERNATIONAL REGULATORY ROUND UP - NEW EUROPEAN COMMISSION MAY PUSH HARMONISATION OF SUGAR FOOD LABELLING
THE INCOMING European Commission may seek to further harmonise European Union (EU) food labelling rules on sugar content. This pledge comes from the nominee for new EU health commissioner, Stella Kyriakides, a Cypriot parliamentarian, whose EU role includes being responsible for food safety and standards.…
GREECE’S COSMETICS MARKET RETURNS TO GROWTH
GREECE’S cosmetics sector showed significant resilience during the country’s long financial crisis and is currently expanding, as the country’s overall economy pulls ahead (1.9% GDP growth in 2018 and 2.1% projected for this year). However, problems afflicting the country’s personal care product regulations and a duty imposed on cosmetic producers might impact the sector going forward.…
GREEK MILITARY TO PROVIDE ATC SERVICES TO NORTHERN MACEDONIA AS FORMER ENEMIES MULL FUTURE AVIATION COOPERATION
GREECE and the newly renamed Republic of North Macedonia have struck a military agreement enabling Greece to help monitor its neighbour’s air space, including for civilian flights. During a visit to the North Macedonian capital Skopje, Greek Prime Minister Alexis Tsipras noted the deal between the two country’s defence ministers includes the Hellenic Air Force providing air traffic control services to Northern Macedonia, which it will monitor via radar.…
GREEK MILITARY TO PROVIDE ATC SERVICES TO NORTHERN MACEDONIA AS FORMER ENEMIES MULL FUTURE AVIATION COOPERATION
GREECE and the newly renamed Republic of North Macedonia have struck a military agreement enabling Greece to help monitor its neighbour’s air space, including for civilian flights. During a visit to the North Macedonian capital Skopje, Greek Prime Minister Alexis Tsipras noted the deal between the two country’s defence ministers includes the Hellenic Air Force providing air traffic control services to Northern Macedonia, which it will monitor via radar.…